News for hackers. Stuff that matters.

A comment on WeWork Goes Bankrupt, Capping Co-Working Company's Downfall. Parent comment

Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by throwaway2037 on Tuesday November 07, 2023 @02:25AM (#38174131)
That was true until the Global Financial Crisis in 2008. Now, they use their finance arm to help customers finance very large purchases. This is common in heavy industry.
[ Parent | on HN ]
Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by dylan604 on Tuesday November 07, 2023 @11:30AM (#38178862)
Isn't that precisely how it started? Then, they realized they had so much they could open that financing to more than just large industrial clients. Did they just scale it back to their original intent?
[ Parent | on HN ]