Is WeWork in trouble because they're not charging their customers enough/they paid too much to rent or are they in trouble because they blow way too much money on back-office SGA? I ask because they seem to charge a lot and have mostly full buildings.
-
My impression is that it was the beer, kombucha, etc. Regis does okay (as in, not bankrupt) with only a slightly more minimalist offering. I also think they are full in some mature markets, but got overextended in others. Without that growth story they’re just Regis though.
-
-
It’s a pretty crappy business model in general, and in this case the public market seems to have worked by figuring that out while the best and brightest didn’t. My only experience with Regis was in Shenzhen for a month; well-staffed (China, after all) but just green tea no beer
-
I'm not sure if the business model is that crappy. It just shouldn't be sold as a high-growth high barrier to entry tech company with some sort of amazing network effects moat.
- 2 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.