### Comment:
Right, his other company owns a ton of the properties wework rents.   Smart move on his part.   They'll likely lay off a ton of employees to drop operation cost when/if they go public, and it will still be an overvalued trash fire.

### REPLY:
If I understood correctly, that was changed. In order to get the IPO reevaluated there were some stipulations. Such as him no longer charging for the trademark and not using his own buildings anymore. At least that is what was said during an episode of The Journal.

### END.