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by thematrixturtle 1410 days ago
Not sure why you're getting downvoted. WeWork is a real business with a real business model that's been making real money, especially now that many companies are downsizing their office space because of COVID. Yes, Neumann is a clown who blew a lot of VC cash on weird shit and made out like a bandit before the party ended, but unlike Theranos, the customers of WeWork did receive exactly what they paid for: flexible office space.
1 comments

If you start a business that spends $22 billion and then starts to bring in a few hundred million a year, that's not a great business. That is a bad business.