First they should stop paying 100% commissions to real estate agents. Seriously, if you need office space cut a deal with an agent where you get back 80% of the rent paid for the term.
It's entirely possible this has been the state of the company for some time and senior management + SoftBank wanted to cash out via IPO. Everything's come crashing down.
10 comments
[ 4.4 ms ] story [ 49.1 ms ] threadThe only remarkable thing about the WeWork story is that the markets called BS before the IPO.
Lots of choice quotes. :)