WeWork is effectively worth nothing at this point. Their revenue surely has tanked given everything and won’t just magically return to normal. They’re sitting

WeWork is effectively worth nothing at this point. Their revenue surely has tanked given everything and won’t just magically return to normal. They’re sitting on massive liabilities with all the leases and capital they invested in locations. Yes leases could be renegotiated etc. but given WeWork’s woes that long predate COVID-19 it’s very unclear how they survive much longer beyond perhaps being sold for scrap in some sort of fire sale. It’s crazy to remember that less than a year ago there was serious movement towards a WeWork IPO.