Flex is not dead: Why WeWork's collapse won't spell the end of the industry
This expansion was driven more by the desire for quick scaling rather than actual market demand.
- This expansion was driven more by the desire for quick scaling rather than actual market demand.
- Its leadership faced criticism for opaque decision-making and misallocation of funds, leading to a loss of investor trust and market confidence.
- The company's failed IPO in 2019 marked a turning point, shedding light on its overvaluation and questionable governance practices.
- The flexible workspace industry shows significant long-term potential, and operators with strong foothold in the sector, such as The Executive Centre, will only grow stronger.