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WeWork announces 1-for-40 reverse stock split to retain New York listing (www.ft.com)

submitted 1 year ago by L4s to c/technology

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WeWork announces 1-for-40 reverse stock split to retain New York listing::US office space group recently warned it faced ‘substantial doubt’ about ability to continue as a going concern

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[–] stevehobbes 1 points 1 year ago

People in suburbs often do have the room for a home office though. And if you prefer to go to an office, it’s probably to work with your coworkers. No chance they want to drive to your suburb.

The people in the city that live in a 1-2 BR apartment definitely don’t have room for home offices.

The real problem for wework is it’s an insanely easy model for LLs to copy and disintermediate them. If it were worthwhile business.

It’s much too expensive at any scale - and subscale, well, people outgrow it.