Zell Calls WeWork a Negative Example of Creating Unicorns

The video discusses WeWork's business model, highlighting its private status and governance issues. It compares WeWork to historical shared office space businesses, noting the challenges they faced. The discussion shifts to Amazon's impact on real estate, particularly in Long Island City, and the potential benefits and limitations of such developments.

What is a major concern about WeWork's business model as a private company?

• It has too many public responsibilities.

• It focuses too much on short-term commitments.

• It lacks sufficient financing.

• It is not innovative enough.

What historical business model is WeWork compared to?

• The tech startup model

• The savings and loan business

• The manufacturing industry

• The retail chain model

What has been a common outcome for shared office space businesses when market conditions change?

• They merge with competitors.

• They thrive and expand.

• They remain stable.

• They often go bankrupt.

What is Amazon's plan for Long Island City expected to do?

• Immediately transform the area

• Have a gradual impact over time

• Decrease property values

• Reduce job opportunities

How does the speaker view Amazon's impact on New York?

• It will be overwhelmingly positive.

• It will be negative for the economy.

• It will be positive but less than expected.

• It will have no impact at all.