WeWork could fail in the next few years as its costs spiral and the coronavirus pandemic upends its business model, Michael Franco, the president of Vornado Realty Trust, said on the real-estate investment group's earnings call this month.
WeWork's business model of signing long-term office leases, refurbishing and dividing up the spaces, then renting them out on a short-term, flexible basis is "driven by high density," Franco said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Things were bad before coco v anyway.
They haven’t failed yet?
WeFucked up
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside California's beautifully bizarre Winchester Mystery House - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How outdoor recreation could become social distancing-friendly - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Gap rolling out warehouse robots amid social distancing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Startup using smart devices for social distancing and contract tracing - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How Barbara Corcoran's Shark Tank businesses are pivoting due to COVID - Business InsiderBarbara Corcoran says her 'Shark Tank' businesses have reinvented themselves during the pandemic. 4 of them told us their winning strategies — and how one is posting revenue 15 times higher than a year ago.
Source: BusinessInsider - 🏆 729. / 51 Read more »