WeWork's REIT Reality
David and Chamath discuss how WeWork's valuation was ultimately determined by the public markets, revealing its true nature as a real estate investment trust (REIT). They explore the challenges of pitching a technology story to non-real estate investors and the potential similarities between WeWork and a residential-focused REIT. The conversation highlights the structured valuation of REITs and the significant scale Adam would need to achieve for WeWork to match the value of established REITs like Prologis.In this clip
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