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RE: WeWork Failed IPO is the Bubble Getting Pricked
It's a solid business. It's just the valuation is out of control.
I give you Regus, a publicly traded stock in the shared office space game with about the same revenues as the We Company, just no FOMO sizzle.
Valuation: $3.6 billion.
Regus is a great company. They actually make money. WeWork does the exact same thing, but is lighting their investors' money on fire.