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Two big numbers — $4 billion and $47 billion — sum up WeWork’s business model and the risky reason it could collapse in a recession

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China Daily/Reuters WeWork’s initial public offering paperwork, or S-1, offered some numbers that both sum up its business and highlight its risks. The company touted the fact that it has $4 billion in future lease commitments from its customers. But it also disclosed that it has $47 billion in future lease obligations to own its landlords. […]

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