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WeWork is a great product because it is a subsidized offering in a competitive market. The piles of VC cash that were thrown into WeWork spaces are things that Regus and other competitors cannot do, because they have to make money.

Competing with WeWork in office space is like competing with Saudi Arabia in oil production: the Saudis have slave labor keeping oil prices down, and WeWork has VC cash keeping their office prices down. However, this doesn't mean that WeWork will ever turn the corner to repay investors the billions they have lost on it.