“building 41 billion dollars of unique office space based upon this theory is insanity”
After 9 years of operations they are losing 2 billion per year, and now they want to beg for money in the stock market so they can eventually achieve their grand vision for the future of working
Wework is in the business of coworking office space According to deskmag.com, coworking is described like this:
“What makes coworking special? An important precondition of coworking is the exceptional situation of coworkers. They work mostly in self-determined situations: the majority are self-employed freelancers, or entrepreneurs with their employees, as well as an increasing number of employees of large companies”.
It sounds great, but….it’s been 9 years now. To lose 2 billion dollars in 1 year would be a huge blow to any company.
Wework is still a unique idea that is worth trying out, but building 41 billion dollars of unique office space based upon this theory is insanity.