#238 - Reeves Wiedeman - The Catastrophic Story Of WeWork
Modern Wisdom
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The WeWork Dilemma: Rent Arbitrage and Risk
This chapter explores WeWork's business model centered on rent arbitrage, where the company leased office spaces and subleased them at higher rates. It discusses the risks of this model, particularly during economic downturns, and examines the company's tumultuous transition to a public offering amidst its founder's ambitious and unconventional leadership.
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