What assets? Almost all of WeWork's office space is leased. The company owns nothing.
The "exploiters" Uber and Airbnb were at least able to build a sustainable business. WeWork was a scam from day one.
The "exploiters" Uber and Airbnb were at least able to build a sustainable business. WeWork was a scam from day one.
The only parties that really got fleeced here were Softbank and their totally unclothed VC siblings who bought Neumann's messianic complex like rubes. Building owners by and large seem to have been treated fairly?
I would argue the gig economy has been worse, since those who got fleeced were largely working people being squeezed and having massive externalities and liabilities dumped onto them.
That's part of the deal.
Their share of the profit is disproportionate to the risk they take