WeWork plans to renegotiate “nearly all our leases,” CEO David Tolley said in a blog post on Wednesday, in an effort to bring down its leasing costs which “remain too high and are dramatically out of step with current market conditions.” Tolley said the coworking company will focus on exiting lease agreements on locations that aren’t doing well so it can focus more on popular locations. His...
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Streaming Services Should Beware Becoming Like Cable Companies
About a month ago, I finally reached my breaking point with YouTube TV, the streaming service I had subscribed to years earlier as a replacement for cable TV. I didn’t think twice about paying $40 a month for it in 2018, but after years of price increases—YouTube TV now costs $73 a month—I realized my family wasn’t watching it nearly enough to justify the money. So I ditched it. More...
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