WeWork will accept crypto as payment, hold digital currency on its balance sheet | Hacker News Reader

WeWork will accept crypto as payment, hold digital currency on its balance sheet

markets.businessinsider.com

24 pointspseudolus10 comments

If you have hypothetical illustrations of EBITDA in your earnings calls then smuggling in a few coins won't hurt, I guess.

Woah. Wework is still a thing?

...Yes?

So is Ashley Madison despite the revelations that every user of the service has been exposed as a guillible chump.

so is LifeLock despite the CEO getting his identity stolen 13 times (and counting [0]) after posting his SSN on billboards advertising his company's identity theft protection services.

[0] https://www.cbsnews.com/news/thieves-steal-lifelock-ceos-id-...

Study reveals: amount of crypto on balance sheet directly correlates with cringiness of founder.

It looks that the need for coworking spaces will be growing as many people want to work mostly remotely after COVID:

https://fortune.com/2020/07/13/wework-profitable-softbank-ma...

“We have companies like Facebook, Google, and Amazon who have told their employees that they can work from wherever they are,” according to Claure. “We have a lot of those employees who basically now come to a WeWork facility to use it one day a week, two days a week, three days a week.”

This will not be good for the environment.

They must have been hit hard by COVID-19.

I'm a little suprised they're still around tbh. Their competitor in New York, Knotel, straight up went bankrupt and got sold for parts. They must've had a lot more cash to endure this.

https://techcrunch.com/2021/02/05/a-look-at-how-proptech-sta...

Selling short term leases on your own long term leases can probably work in places with expensive office space, but covid in NYC just completely annihilated this. The market rate for their office space now has got to be less than what they owe on their lease.

It's probably been great for the businesses who only had short term leases through them when WFH started though.

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