### Comment:
I mean, it's *not* a stupid business model.  Regus has been very successful with it, and their parent company has achieved a very reasonable $3b valuation (with a P/E of 18) in part because of that success.  You can certainly make money with this line of business, it's just that WeWork in particular was a totally fucking stupid version of it.

### REPLY:
This is the first time that I have heard of this type of business. When I read about it all I thought was that it added a middleman between real estate property and small businesses. I know they provided much more but it seemed like it just would not work out.

### END.