Good. We don't need businesses like WeWork, we need non-for-profit collectives and incubators
They could rent a huge warehouse on the edge of the city centre, but that would attract probably a different audience they aim for.
If they generate $1.3B loss with those prices[0] then how they see a way to make a profit? It's not like self driving coffee machines will save them :)
I don't get it.
[0]https://www.wework.com/buildings/5-merchant-square--london
Unless I am misreading the comment?
Saying we don’t need WeWork (or other for-profit cowork places,) is like saying that hotels should close down in favor of business travelers staying on communes.
There is both room for and value from both for-profit and non-profit versions of these things.
Among other tings it means that all profits go towards furthering the organization instead of to a group of investors or shareholders.
Source: I worked at a non-profit.