tech

SoftBank invests in U.S. office space-sharing WeWork

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By Yuri Kageyama

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From a Wall Street Journal article last month:

"Since it was founded eight years ago, WeWork Cos. has offered tenants in its locations kegs of free beer, as part of the hip vibe the fast-growing shared office startup has been selling."

Free beer at work, what could possibly go wrong?

WeWork = the emperor's new clothes. The basic business model works but not beyond a certain point because the more successful WeWork's subtenants become, the more likely they will cease to remain clients. In a slowing economy the downside leverage could get pretty interesting.

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as well as Japan, where real estate is relatively expensive, allowing WeWork an opportunity to grow.

To grow? They've offices in many countries with a huge workforce!

Would have liked a job with them but their reviews on Glassdoor are not entirely favourable.

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