Let me clarify that a bit--their concept has better real business prospects than ever. I'm not commenting on their ability to match their over-promises, their leadership, capital structure, or their misalignment to their valuation. I suppose their ability to stay alive is apart of their prospects, though.
Yea, I agree with the appeal of co-working spaces in general, and do expect them to see an uptick. However, WeWork's model is simply atrocious from a business standpoint. They assume all of the risk and liability by being the leasee in most cases.
