this post was submitted on 19 Aug 2023
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WeWork announces 1-for-40 reverse stock split to retain New York listing (www.ft.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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WeWork announces 1-for-40 reverse stock split to retain New York listing::US office space group recently warned it faced ‘substantial doubt’ about ability to continue as a going concern

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[–] lemmyvore@feddit.nl 2 points 1 year ago* (last edited 1 year ago)

Realistically yeah, the coffee shop was the only plausible one. But coffee shops won't be the downfall of coworking space because (1) there are clients who simply don't like talking business in a public place and (2) coffee shops only work if the number of people who use them that way is small and/or only do it occasionally. If everbody constantly used coffee shops for that it would stop being fun for all those involved really fast.