[icelancer]

>> Their competition is literally every office building on the market...

Definitely false. The majority of office buildings on the market aren't interested in leasing me spaces of varying sizes for terms from 1 month to 5 years.

[SeanBoocock]

Sure, but some are and coworking space competitors definitely are. I don't see the unique advantage, the moat if you will, to justify WeWork's valuation. I've seen comparisons to Uber in this thread but even if you presume for the argument that Uber's valuation is justified, the network effects don't seem nearly as strong for WeWork.