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> How is a company that had a net loss of $933 million and that owes $18 billion in rent even remotely worth $35 billion.

Theranos had a valuation of $9 billion not too long ago. Did we forget about Pets.com and all the "valuable" properties during the dotcom boom that became worthless in a manner of months? Or the shacks worth hundreds of thousands during the 2000 housing bubble?

> I'd consider the lemonade stand on the corner to be more of a business than WeWork in the true sense of the word.

You should. There is so much money out there looking for assets that you could start a lemonade franchise business and you are sure to get investors bidding up your property even if it makes no money.

The current economic environment is dotcom bubble + housing bubble combined on steroids. There is lots of money to be made if you are willing to suppress your morals and just take the money.