Skip to main content

WeWork Decides To Not Work On London Expansion

This isn't about Brexit (wink wink).

Just when you thought that Brexit couldn't outdo itself, it goes and makes a wildly aggressive real estate arbitrage tech startup rethink an expansion in jolly ol' London Town.


Per Bloomberg:

The New York-based company won’t proceed with a plan to lease 45,000 square feet (4,180 square meters) at the 7 Westferry Circus building, the people said, asking not to be identified because the matter is private. WeWork has also put on hold less advanced plans to lease space at a building due to be developed at the new phase of Canary Wharf, the people said. It’s the first time WeWork has cancelled a deal in the U.K. capital.

Apparently, sources are telling Bloomberg that Brexit is not a factor in WeWork's decision, but that's seems about as likely as Yahoo's sales price not being affected by Marissa Mayer's management techniques.

WeWork has 111 spaces in 30 cities around the globe and 11 in London. It does not have co-working spaces in Dublin or Frankfurt...yet.

WeWork Cancels Plan for London Canary Wharf Office Space [Bloomberg]



Jamie Dimon Goes To Rome In Hopes Of Making London Jealous

While contemplating Brexit, Jamie realizes that Rome rules and London drools.


WeWork Changes Name In Obvious Attempt To Confuse SoftBank Into Giving It More Money

With the spigot from Masa Son turning off slowly, WeWork's self-adoration takes a dark turn.


WeWork's First-Ever Bond Offering Is A Master Class In Financial Masturbation

It must be hard to compute "community adjusted Ebitda" with your head so far up your own ass.

Neumann Kalanick

WeWork CEO Decides He's Not Working Anymore

Adam Neumann to spend more time with family...getting them to fund his superfood juicing platform.


WeWork Seems Intent On Proving That It's Not, Like, A Real Company

The more these people talk, the more we want them to please stop talking.