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You rent a desk, and they get the money. I can assure you, the desks and the wifi included are real.

It doesn't look to me like a Theranos. Theranos lied, WeWork doesn't seem to be lying - they're completely open about their business model and financials. Its just people don't seem to be valuing it correctly.

Not disagreeing, but don't forget about community adjusted ebitda.

Are people spreading such FUD shorting Wework? They are selling a very real service and people seem to pay a lot of money for it. How is this not a good business?

Being a good business tends to involve making money. WeWork lost $1.9 billion in 2018, and expects to lose even more this year.

https://www.axios.com/wework-doubled-revenue-loss-2018-eec75...