Oracle's billionaire cofounder and CTO Larry Ellison says WeWork is 'almost worthless' in a scathing indictment of the company's business model.
Billionaire Oracle co-founder Larry Ellison called out WeWork as"almost worthless" in a recent discussion at his house in San Francisco, California. According to a report in Barron's, Ellison offered a scathing take on WeWork's business model:"WeWork rents a building from me, and breaks it up, and then rents it. They say, 'We're a technology company, and we want a tech multiple.' It's bizarre.
Billionaire Oracle co-founder Larry Ellison called out WeWork as"almost worthless" in a recent discussion at his house in San Francisco, California. According to a report in Barron's, Ellison offered a scathing take on WeWork's business model:"WeWork rents a building from me, and breaks it up, and then rents it. They say, 'We're a technology company, and we want a tech multiple.' It's bizarre.
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