WeWork Gets a Visit from Financial Reality
<a href="https://www.bloomberg.com/opinion/articles/2019-01-08/wework-gets-less-money-shorter-name" rel="nofollow">https://www.bloomberg.com/opinion/articles/2019-01-08/wework...</a><p>"In addition to the corporate finance weirdness: “Going forward, the company will no longer be called WeWork but rather The We Company.” (“The switch is not a legal name change,” okay.) And: “Rather than just renting desks, the company aims to encompass all aspects of people’s lives, in both physical and digital worlds,” which is—and I have spent years writing about the financial and tech industries and do not say this lightly—the very worst corporate slogan I have ever heard.<p>Me: What does your company do?<p>We: We encompass all aspects of your life, in both physical and digital worlds.<p>Me: Wait that’s terrifying.<p>We: We’re like Facebook, only you also live here.<p>Me: Who did you say you are again?<p>We: We are We.<p>The new company will be divided into several main business units: WeWork, WeLive, WeGrow, WeHarvest and WeFeast, wait no only the first three of those are real, but I am looking forward to when they start a line of industrial-chic funeral homes, WeDie. (Free beer at the wake!) Seriously WeGrow (real!) is “a still evolving business that currently includes an elementary school and a coding academy.” And WeWhatever’s founders once (in 2009!) “mapped out plans for everything from WeSleep to WeSail to WeBank.” I can’t keep up with this."