What we think about WeWork
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[{"id": "f26upnr", "text": "Who is we?", "replies": [{"id": "f26uxju", "text": "The royal we.", "replies": [], "depth": 2}], "depth": 1}, {"id": "f26v63u", "text": "This has been the general opinion on WW for a long time. \n\n Point for point, really \u2014 I think you\u2019ve copied and pasted without crediting any number of Bloomberg TV interviews.\n\nDo \u201cwe\u201d have any unique insights on WW, or is this meant to drive interest in your blog / newsletter/  company?", "replies": [], "depth": 1}, {"id": "f26xs99", "text": "If you're going to post an article, give credit to the source.   [https://medium.com/compoundclassroom/how-wework-changed-the-office-game-forever-633f908abe56](https://medium.com/compoundclassroom/how-wework-changed-the-office-game-forever-633f908abe56)", "replies": [{"id": "f26y81z", "text": "These are the same people. It\u2019s a company Running this reddit account", "replies": [], "depth": 2}], "depth": 1}, {"id": "f27axm3", "text": "&gt; Without access to capital, WeWork will struggle to keep tenants. \n\nConsidering how much capital they burned through, I'm not surprised finding funding is proving difficult.\n\nTheir S-1 even states they may be unable to reach profitability for the foreseeable future. They have future lease obligations totaling 47 billion dollars, but only 4 billion in sublease commitments. Their loses on a year to year basis are greater than revenue. More funding isn't going to fix that.\n\n&gt; What WeWork has failed to demonstrate is that a company can make money doing it. \n\nNah. What WeWork demonstrated is that when you invest in hype instead of solid verifiable numbers, you shouldn't be surprised if things go south.", "replies": [], "depth": 1}, {"id": "f2astnd", "text": "&gt;No matter what you think about their valuation, WeWork certainly has some \u201csecret sauce.\u201d That sauce may not be worth $47 billion or even $20 billion (or anything remotely resembling a tech company valuation), but running coworking spaces is a tough and nuanced business. WeWork has demonstrated that workers care about good design and that they prefer to work in spaces that feel fun, energetic and on-trend. And WeWork knows how to deliver both. **What WeWork has failed to demonstrate is that a company can make money doing it.**\n\nUhhhh yeah. The entire point of starting and running a business is to make money. They have had access to literally unlimited amounts of capital from Softbank, who gives companies seeking funding MORE money than they ask for in order to grow as much as possible without any regard for making a profit. It's not difficult to offer free perks and fancy office buildouts if you aren't trying to make money.", "replies": [], "depth": 1}]