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by 1letterunixname
968 days ago
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I can echo the sentiment of "ghost town" in several WeWork locations from the outside, and many corporate spaces too. I think the fundamental problem is they over-expanded too quickly and charge too much, leading to an oversupply of locations and a huge pile of leases in the debt column. They're glorified Regus and drank their own KoolAid that they were a unicorn rather than a business. |
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Technology is not going to improve where people are and aren't willing to commute.