>The losses for each WeWork member -- about $5,200 per customer -- are about 28 times what Uber loses per active rider.
What is the value of those customers though? $3500-$12,000/year.
And as I understand the business model, it is really a realestate business so how of the value is in asset appreciation. If you’re buying real estate at pennies on the dollar and using cash flow to pay off debt, then $1.3B in losses may not be a big deal since you really need to look at LTV. If I put down $200k for a house in SF and take on debt for the rest then I am loosing a hell of a lot more money per occupant.