WeWork

For WeWork, Rent is More Important than Retention During Coronavirus Pandemic

At the peak of the Covid-19 pandemic, WeWork is charging full rent to its members but is seeking rent relief from its landlords. Such unforgivable behavior during the pandemic is lowering clients’ faith in WeWork’s working. With no more cash coming from Softbank and reduced consumer confidence, WeWork’s doomsday is near. WeWork became a $3…

WeWork Meltdown Shows Pitfalls of Adam Neumann’s Personality Cult-CCN.com

The WeWork IPO is toast. The writing was on the wall for several days prior to the announcement, as the company’s roadshows failed at every turn. As much as Wall Street may point to the company’s risky business model as a reason for the failure of the IPO, an equally significant reason is the (now…

Forget the IPO. WeWork Threatens the Entire Economy – CCN.com

On Friday, Boston Federal Reserve Bank President Eric Rosengren delivered a speech in which he pointed out a threat from co-working business models that few people had even considered (including myself). Rosengren dropped a bomb by saying business models similar to WeWork’s could threaten the overall economy. He mentioned several elements of the co-working business model…