DD Support Board and Research Team

[1manband]

What is so surprising about WeWork is that it was once valued at $47 billion, yet they were not doing anything that had not already been done (and better). Co-Working spaces were a thing long before WeWork came along. Regus pioneered that market and is still out there doing it better than WeWork. They not only didn't invent the wheel, they didn't even design a better wheel than what was already out there. They just threw some glitter on it and packaged it up in a sexy manner that never worked as a business.

Failure under their business model was inevitable. I am also skeptical that a reorganized WeWork will be able to survive, much less thrive, long-term.
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