The SoftBank Group-backed company struggles with a massive debt pile and hefty losses.
  • protist@mander.xyzEnglish
    13·
    1 year ago

    Given that they’re basically a commercial real estate holding company posing as a hip startup, and commercial real estate values are in the shitter compared to a couple years ago, yes, they should be going bankrupt. It’s good news for the rest of us though, as commercial real estate prices come down, it’s easier for small businesses to sustain themselves

    • lobut@lemmy.caEnglish
      3·
      1 year ago

      I never could make sense of them as my company rented office space from Regus in the UK and I’m like, “how’s WeWork THIS big of a deal?”

      Can’t believe Adam Neumann took the bag and ran and is starting up another venture.