Discover and read the best of Twitter Threads about #bostonproperties
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1/21 Let's talk about $WE. Last month @SeekingAlpha reported that WeWork could declare bankruptcy in 2023. They have a $ problem.
loom.ly/roQICwI twitter.com/i/web/status/1…
loom.ly/roQICwI twitter.com/i/web/status/1…
2/21 Their analysis of WeWork's failed business model is spot on.
"The problem for $WE is the margin between what they pay and what they receive from their #customers has not been enough to cover the very large administrative/marketing/advertising #expenses."
"The problem for $WE is the margin between what they pay and what they receive from their #customers has not been enough to cover the very large administrative/marketing/advertising #expenses."
3/21 Their story is wild. WeWork was founded in 2010. By 2014, it "the fastest-growing lessee of new #office space in New York" and was on track to become "the fastest-growing lessee [lessor] of new space in America."
