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Originally Posted by chassis
Thanks dsad1. wework has 5,000 employees. How does it control a big part of the economy? Do you mean the US economy, or another economy? How does it exert the control?
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It doesn't have much employees but it is probably the biggest lessee of office space in the world. They have a big impact on the real estate market in major cities. I know the real estate market is just a small share of the economy, but these are class A buildings that are mostly owned by big REITs. You start getting a few hundred thousand to a million square feet back in some of these buildings, it starts taking a toll on the whole market. WeWork was just one example though, it was easiest for me to reference off the top of my head since I work in real estate.