Johnson , Risk Capital Partners veteran and chairman of private equity firm WeWork , has launched a scathing attack on WeWork . I should have guessed. Citing founder Johnson , who refers to the company's valuation being based “more on our energy and spirituality”, Luke Johnson said the trendy froth surrounding WeWork doesn’t change the basics: it's a cyclical business and small tenants will look to reduce property obligations when the market turns. Pointing to the company's spurious profit measure, Johnson said it's rare to see so many sell signals in a single company.
Johnson , Risk Capital Partners veteran and chairman of private equity firm WeWork , has launched a scathing attack on WeWork . Citing founder Johnson , who refers to the company's valuation being based “more on our energy and spirituality”, Luke Johnson said the trendy froth surrounding WeWork doesn’t change the basics: it's a cyclical business and small tenants will look to reduce property obligations when the market turns. Pointing to the company's spurious profit measure, Johnson said it's rare to see so many sell signals in a single company.