[prakhar897]

Either they are trapped in Sunk Cost Fallacy. Or Worse - They are keeping up the charade so current investors can dump Wework/Softbank on someone.

[willsmith72]

It doesn't really seem like a sunk cost.

If you assume with the right management, a coworking space CAN be a viable business, wework as a brand is still highly valuable.

Now if we assume coworking spaces are completely non-viable, then yeah close up shop. But the various successful coworking spaces around the world suggest that isn't true.