WeWork was one of the world’s most valuable start-ups at the beginning of the year. But it overestimated demand and its valuation plunged from US$47 billion to US$8 billion. Photo: EPA-EFEWeWork was one of the world’s most valuable start-ups at the beginning of the year. But it overestimated demand and its valuation plunged from US$47 billion to US$8 billion. Photo: EPA-EFE
WeWork was one of the world’s most valuable start-ups at the beginning of the year. But it overestimated demand and its valuation plunged from US$47 billion to US$8 billion. Photo: EPA-EFE
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Regulate the sharing economy, but don’t stifle innovation

  • There have been spectacular successes and breathtaking failures as start-ups change the face of business, making it a challenge for governments to set the rules

WeWork was one of the world’s most valuable start-ups at the beginning of the year. But it overestimated demand and its valuation plunged from US$47 billion to US$8 billion. Photo: EPA-EFEWeWork was one of the world’s most valuable start-ups at the beginning of the year. But it overestimated demand and its valuation plunged from US$47 billion to US$8 billion. Photo: EPA-EFE
WeWork was one of the world’s most valuable start-ups at the beginning of the year. But it overestimated demand and its valuation plunged from US$47 billion to US$8 billion. Photo: EPA-EFE
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