Yaron Naymark on IWG's value case
Yet Another Value Podcast
I WG and WeWork
I WG, even with the decrease from post COVID growing all the sorts of profitable versus WeWork is just incinerating money. So in 20, so basically there was a lag from the pandemic to when these guys saw even see take a hit because they still have one year contracts for the bunch of their money. And but the 2021 80 million of EBITDA, I don't even know what we've worked it, but they probably burned that $500 million forget the exact number,. They burned a lot. But even, even then, like you look at their investor debt and they show you by cohorts based on occupancy, what the building level margins are. Where they have buildings
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