WeWork was a company that made the news because it’s propagandists turned out to be frauds and it went bust despite massive overhype.

But I don’t know the details. What I don’t understand is how it was so hyped in the first place. From my understanding they rented out office spaces. But is that really that revolutionary? What was their value proposition?

  • davel
    link
    fedilink
    English
    arrow-up
    8
    ·
    1 year ago

    I’ve forgotten the elevator pitch now, but basically they didn’t have a reality-based value proposition, just nonsense hype. It was a bubble era of incredibly cheap money plus dumb money plus vacuous bullshit. It always gets unhinged like this in the latter stages of bubbles.