The real problem with WeWork is the maturity mismatch that it is, to my knowledge, completely unhedged against. WeWork’s leases to customers are short-dated while the capital leases on its balance sheet for properties are long-dated. Thus, when an economic shock comes and people stop going to WeWork, their revenue stream dries up but their liabilities stay the same magnitude. It will be an absolute train wreck. Management/founders know this. And they don’t care, because they’ve made their money, and now they’re going to dump what they have left on you, the retail investor