WeWork: The Uber of dumb investments

Am I the only one getting sick of references to some new company being the Uber of this or the Airbnb of that? It’s the Uber of tired metaphors.Not to say that the sharing economy isn’t an amazing thing. But not every sharing economy solution will be naturally monopolistic in nature. And not every upstart will deserve a multi-billion dollar valuation.A case in point—last week Fidelity and a few other investors pumped $400m into a private company called WeWork Companies Inc., valuing the whole company at around US$10bn.WeWork has been described as the, wait for it, Uber of shared office space....

Am I the only one getting sick of references to some new company being the Uber of this or the Airbnb of that? It’s the Uber of tired metaphors.

Not to say that the sharing economy isn’t an amazing thing. But not every sharing economy solution will be naturally monopolistic in nature. And not every upstart will deserve a multi-billion dollar valuation.

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