Do Gitlab and such companies even have the volume of employees to show up on WeWork's balance sheet?
How many of those places have people working at co-working spaces anyway? As opposed to home?
Not sure that during a downturn companies, or even individuals will be more likely to go for paying for fancy coworking space... perhaps less so?
My understanding is WeWork is more likely to be MORE sensitive to an economic downturn compared to their competitors as their valuation will put more pressure on them to make money and arguably they might already be behind the bullet on that one.
How many of those places have people working at co-working spaces anyway? As opposed to home?
Not sure that during a downturn companies, or even individuals will be more likely to go for paying for fancy coworking space... perhaps less so?
My understanding is WeWork is more likely to be MORE sensitive to an economic downturn compared to their competitors as their valuation will put more pressure on them to make money and arguably they might already be behind the bullet on that one.