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A comment on WeWork documentary explores a decade of delusion. Parent comment
Their cost renting a space was fixed. Their revenue renting it out was variable.
If they simply couldn't rent out enough of the space to be profitable, that's not scandalous. That's just the risk you take in any business.
But if they were renting out the space at rates that could never become profitable, then it is scandalous, because they're burning money by design.
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Their cost renting a space was fixed. Their revenue renting it out was variable.
If they simply couldn't rent out enough of the space to be profitable, that's not scandalous. That's just the risk you take in any business.
But if they were renting out the space at rates that could never become profitable, then it is scandalous, because they're burning money by design.