Originally Posted by
Blue Skies
Not disagreeing with you but just looking at 2 of those mentioned. Wework, as a business model should have worked if founder hadn't been so reckless with investors money, e.g. trademarking the word We & selling it back to his own co for US$ 5.9M, raucous staff parties, corporate jets, investing in surfer friends wave pool business, elementary school etc, fascinating story of recklessness, hype & greed & well worth looking up online. The business model does apparently work, just not when run like this. Also if you're thinking of investing in shared scooters, (like Lime & Bird) don't! They're not a sustainable business model, i.e. scooters need to last 6 months with 5 rides a day to pay for themselves before starting to make a profit, but average scooter across fleet only last 28 days due to being trashed or damaged. According to manufacturers, these scooters are designed for single owner use, under 90 kilos, on flat ground in good weather. But people throw them on the ground, or in the harbour or up a tree, ride 2 at a time on them, or just seem to get a kick out of destroying them.