WeWork urges investors to see losses as ‘investments’, reports 1Q loss of $264M

These guys are supplying office space, like Regus etc, right? I don't see how they have a thing they can protect that is worth pumping so much money into?

Uber at least has ridiculously good worldwide mindshare on a 2-side market - everyone around the world has heard of them and it would be hard to compete while they are still around. Sure drivers can use multiple apps, but as a user I'll use Uber thanks. There is a reasonable gamble that they can win the market.

But office space is fairly decentralised and there are lots of options. I'm not exactly in a tech hub but there are plenty of funky nice looking casual office spaces around here, and a whole commercial real estate market where you can rent offices at reasonable prices too.