From an engineering perspective they are working on shoring up all the different applications into a more unified platform. A lot of their applications are internal and disjointed. My organization is working on space tools that will help Enterprises book space more fluidly across all WeWorks. However I work for one of the acquired companies - the real technology that WeWork owns lmao
Right. Haven’t seen any real tech that wework has acquired. Just a bunch of startups that can’t sustain on their own.
Meetup was profitable (and had been for many years) before Wework bought it and applied its “crushing it” philosophy by nearly doubling the headcount in order to “think big”. Been losing money ever since.
Due to internal politics, the tech unit is 5 years behind the current scene. If that is fixed, there is enough tech in the company for everyone to work on.
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From a third party perspective it looks like the investor is giving a cow a C-section before it’s ready because they’re getting too impatient for their piece of veal.
It’s a bit of the reverse too - softbank fucked the company with their sky high valuation
Fair