Why and how the heck is WeWork valued at $20 billion??!

At a $1bn runrate with 40% margins....where is $20bn coming from?! This is madness :O

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Welcome to 2018

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Literally just a real estate company

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SC1 - real estate company with free tequila shots**

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A real estate company with lots of competition with easy entry to compete, investors propping it up to boost their investment

Free tequila shots and networking opportunities!

There are more like a tech enabled real estate company... they use a lot of interesting tech to optimize work spaces

@atk1 it could be imitated though... at relatively low cost. The barrier to entry is relatively low.

I’m not so sure about that, that’s like saying Westfield or Starwood’s can be easily imitated... the capital to require commercial real estate assets is prohibitive

I'm skeptical

Tech enablement is right on the money. They lease almost all of their properties, I don’t even think they own any of their locations. It’ll be very interesting to watch especially as competition increases.

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