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What are people's thoughts on WeWorks? Seems a little ridiculous
| Pink mildly autistic church dragon | 03/04/15 |
| Haunting resort legal warrant | 03/04/15 |
| turquoise goyim voyeur | 08/31/15 |
| pungent histrionic market | 03/26/19 |
| Cracking rose reading party | 03/26/19 |
| Effete boyish brunch main people | 04/10/19 |
Poast new message in this thread
Date: March 4th, 2015 1:46 PM Author: Pink mildly autistic church dragon It is basically the same as a traditional sub-landlord, but cooler, and that supposedly justifies a much higher valuation than a real estate company. (http://www.autoadmit.com/thread.php?thread_id=2822271&forum_id=2#27428180) |
Date: March 4th, 2015 8:03 PM Author: Haunting resort legal warrant Branding/clients matter a lot. Your logic is flawed. Lots of successful startup companies are not a lot different than their traditional economy equivalent. (http://www.autoadmit.com/thread.php?thread_id=2822271&forum_id=2#27430284) |
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Date: August 31st, 2015 11:50 PM Author: turquoise goyim voyeur https://www.theinformation.com/weworks-gamble-on-growth?
Cliffs:
- In 2014 had $75M of revenue and $4M of operating profit - Wework is locking in long term leases (likely at peak rates) to obtain benefits such as 1 year free rent - This rent benefit is not amortized; the P&L reflects rent revenue with no matching lease expense - This is complete bullshit and only used to pad near-term profitability
Fucking fraudlies. This is a fucking landlord valued like an internet startup with limitless growth potential
edit: here is a biz insider article with some ungated info http://www.businessinsider.com/weworks-financial-projections-may-be-hard-to-meet-2015-8 |
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Date: March 26th, 2019 10:01 AM Author: pungent histrionic market Good call (http://www.autoadmit.com/thread.php?thread_id=2822271&forum_id=2#37992189) |
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Date: March 26th, 2019 10:05 AM Author: Cracking rose reading party Had a client that needed to assign their wework lease. Lease was not assignable by its terms but some manager at the office just signed and let do. My only experience with them. (http://www.autoadmit.com/thread.php?thread_id=2822271&forum_id=2#37992208) |
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Date: April 10th, 2019 1:48 AM Author: Effete boyish brunch main people (http://www.autoadmit.com/thread.php?thread_id=2822271&forum_id=2#38066136) |