[amoitnga]

From a point of view of a regular human, how is WeWork good for me?

I'm generally opposed to 1 company to "rule them all", and I would like to see giants to be broken down.

In case of say, Amazon, at the very least being so huge may allow (arguably) for cheaper prices and almost everything in one place, delivered conveniently. suppose that's true.

How one company owning a lot of real estate is good for me? The way I see it, if they are successful, they will spend less while charging more, even further accumulating wealth among the smaller amount of ppl. I don't see how it's good for most of us.

They aren't developing real estate market. They aren't creating new ways of building more efficiently. They aren't doing anything other than using huge sums of money to generate more money.

[hisnameismanuel]

Just as AWS made it easy to spin up a server, WeWork is making it easy to spin up a desk. This matters for companies with teams scattered around the world. If there's a WeWork in a certain city, it's super easy for us to get our team onboarded there - the brand is consistent, we know our people are going to be comfortable and happy.

Say what you will about their ridiculous financials, the product itself is good.

[amoitnga]

Being able to rent a desk is very convenient, true.

But I don't think comparison to aws is fair. AWS can be scaled.

Renting out part of the office won't benefit in any way from the same company having offices in multiple cities.

Do you think, one landlord, owning offices in 10 cities be more efficient (better) than 10 separate landlords?

[hisnameismanuel]

Thanks for the thought. I'm not concerned with the efficiency of their business - I'm concerned with the efficiency of _my_ company. WeWork has removed a big headache for us.

[ProAm]

Ive only been to 2 WeWork facilities but both were dirty and loud. Im not sure about other cities but the product was very underwhelming/disappointing for the price.

[s3r3nity]

> They aren't doing anything other than using huge sums of money to generate more money.

Isn't that the function of _any_ company in capitalism? (Excluding, possibly, non-profits)

[webninja]

No. This is rent seeking.

https://en.m.wikipedia.org/wiki/Rent-seeking

[s3r3nity]

I think you're being too literal.

I was referring to a mechanism of taking in investment or capital to generate a return on that investment through some positive generation process (prototypical example: manufacturing.)

But you're technically right: if you're just using money to steal / suck resources away from somewhere else, with no net positive or even a net negative on the whole, then I agree with you.

[amoitnga]

Not necessarily.

Car manufacturers for example. The byproduct of them making money is the fact that cars becoming safer, more efficient, etc. Ultimately, it makes my life better.

I mean. I understand what WeWork is doing, they trying to make money and it's not against the law. All I'm saying is they aren't doing anything good for a regular person, and possibly even will hurt in the long run.

I think that's why ppl hate on them. At least I think that's why I don't root for them to succeed. I just don't see why