(Bloomberg) — On its way up, WeWork poached customers with free rent and rich broker commissions, trampling on less wealthy and aggressive competitors to gain a seemingly dominant position. Now the tables are turning, and rivals are struggling to contain their glee.“Happy birthday to me, happy birthday to me,” sang a senior executive of another co-working company who asked not to be identified.In the aftermath of WeWork’s scuttled initial public offering, rivals such as IWG Plc, Convene, Industrious and Knotel are pitching themselves as more stable providers of flexible office space for landlords across New York, Toronto and Los Angeles …read more
Source:: Yahoo Finance
