[ARTICLE] WeWork IPO - Equally Cursed and Blessed?

SystemSystem Administrator admin
edited August 30 in General Discussion

Comments

  • They're marketing themself as Apple for Spass, so premium, expensive, stylish, community builder, etc... surely Wework brand is strong but they can't enough bank on it due to competitive markets in office renting to justify their pricing. Losing money to grow near peak real estate markets let you really bad exposed to next recession.
    Financially speaking they're doing a carry trade on leveraged assets, in a huge size...usually this business model finishes with a bang. If you pay it at 47bln price tag you're sure to be curbed, no matter what.
    Governance here is a second order problem...
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