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by smacktoward 2456 days ago
From the customer's POV, selling dollar bills for fifty cents each is also a high-quality product.
1 comments

No not really. Again, they lose billions right now because it costs a lot to build out new buildings. Then as a building matures they recoup these costs through the memberships. The more mature offices are profitable. It just isn’t necessarily tech/VC level profits.
They aren't building out anything, they lease existing office space.