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zacpross

4 karma · joined May 17, 2020

I'm Zac, a London based maker of media products.
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zacpross··on SoftBank’s Vision Fund Loses $17.7B on WeWork, Uber
WeWork seemed like a poor investment anyway. Pandemic or no pandemic, the economy was heading for a reset after 10 years of a good run. Why they expanded their building so quickly is beyond me, and it's left the whole business extremely open to a downturn. I've worked in a lot of the buildings in London and watched it explode since coming to the city. It started as a great idea and built on community, but it lost a lot of that with generic same same buildings. Money sinks. Something other spaces are doing far better, focusing on certain industries and startup communities.