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ELI15: WeWork (lemmygrad.ml)

submitted 10 months ago by ksynwa@lemmygrad.ml to c/comradeship@lemmygrad.ml

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WeWork was a company that made the news because it's propagandists turned out to be frauds and it went bust despite massive overhype.

But I don't know the details. What I don't understand is how it was so hyped in the first place. From my understanding they rented out office spaces. But is that really that revolutionary? What was their value proposition?

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[–] davel@lemmygrad.ml 8 points 10 months ago (1 children)

I’ve forgotten the elevator pitch now, but basically they didn’t have a reality-based value proposition, just nonsense hype. It was a bubble era of incredibly cheap money plus dumb money plus vacuous bullshit. It always gets unhinged like this in the latter stages of bubbles.

[–] TankieReplyBot@lemmygrad.ml 3 points 10 months ago

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