WeWork is not a landlord, and actual landlords would never give away their land / space so cheaply to WeWork such that WeWork could afford those losses. I do not see what kind of moat WeWork could ever have to justify being locked into it, which means they would always end up being a useless middleman if they tried to monopolize and raise prices. And even if they succeeded, then the landlord would just raise the price it charges WeWork.
