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Sorry, WeWork Isn't at All Like IWG or Regus

The We Company filed to go public Wednesday, prompting a fresh round of media-bashing for the office-sharing juggernaut. Critics in particular balked at its corporate governance structure, raised questions about self-dealing by CEO Adam Neumann, and threw cold water on the company's $47 billion valuation.

One particular criticism kept coming up: That WeWork's valuation is much higher than that of IWG (International Workplace Group), a global co-working company that owns brands including Regus and Spaces, even though IWG has more revenue and many more locations than WeWork and is profitable. Here's a sampling of the critiques that landed on Twitter:

WeWork is trying to justify its $47B tech-company valuation, lest you wonder why it's not valued like IWG, its much less expensive, bigger (real estate) competitor

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