WeWork is transparently and obviously an untenable business, but soaked up billions in funding. Something is broken. https://www.wsj.com/articles/wework-a-20-billion-startup-fueled-by-silicon-valley-pixie-dust-1508424483 …
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it fits a pattern of low-margin businesses (commercial real estate, food delivery, juice smashing) selling investors fairy tales
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it would take ~$100M to house the indigent in SF. That money is unavailable from tech speculators, who need it for lavish bonfires
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Replying to @Pinboard
FWIW SF Already spends 2.5x that per year on homeless services. http://www.sfchronicle.com/bayarea/article/S-F-spends-record-241-million-on-homeless-6808319.php …
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Replying to @harryh
I’m aware of what SF spends on homeless services
8:24 PM - 20 Oct 2017
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