WeWork's co-president says it's 'really just getting started' on working with Fortune 500 companies, as it files to go public

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A recent report highlights what those companies get out of WeWork: help entering new markets and attracting and retaining employees, among other benefits.

, most recently, in January, at a valuation said to be about $47 billion.

"We're really just getting started on enterprise," he said."We're now opening buildings at a much higher percentage filled than we used to, and that's because you're not building on spec[ulation]; you're building on you know what people want and when they want it." One enterprise member is Liberty Mutual, which put its innovation lab arm in a Boston WeWork in 2015, said Adam L'Italien, the vice president of global consumer markets innovation. In 2017, the growing group moved to a bigger WeWork space across the street from Liberty Mutual's headquarters, expanding its capacity from 40 people to 150.

 

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Can't someone please explain to me what the hell wework is. I understand coworking spaces. I dont see how this is supposed to be a giant scalable profitable model. People are pretending as if it's the next Amazon.

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