Hacker News new | ask | show | jobs
by rdtwo 2473 days ago
It can easily turn a profit as long as it stops growing. Somehow they managed to con the building owners into leasing to shell companies which means they can break any of their leases at any time by shutting down the shells. As such once the growth phase ends they will shut all the unprofitable offices and can hum along as 3% growth real eastate company and feed the founders heirs forever or at least till the leases expire.