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WeWork is a successful company worth a lot of money. Is it worth $47b? Likely not. But all except the last investors are likely to do well, and deservedly so.

The question really comes down to "is it a successful company or is it a successful illusion of a successful company?"

It provides a valuable service. It gives property owners a hands off way of renting out their space to short term tenants. That’s going to make money.

Whether it provides a valuable service is orthogonal to whether it's successful. There have been options to sublet to sort term tenants for a long time, but We seems to have a lot of other baggage.

Their financial statements refute that idea

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