Opening weekend ticket sales in 98th place, but streaming revenues hit it out of the ballpark.
Oil Bust Houston hardest-hit. San Francisco, once hottest US market, coddles up to it, followed by Los Angeles, Chicago, Washington D.C., Seattle, and Manhattan.
The sector was already hit hard by Brexit, then by lockdowns, and now by working from home as companies plan to cut floor space.
Thousands of workers laid off. $2.2 billion up in smoke. 2nd SoftBank unicorn to collapse this year before getting to the IPO or SPAC window, after Greensill, which it helped take down.
“There is only one way for a modular project to go right, and a million ways to go wrong.”
Trends converged on the mega-construction project Oceanwide Center in San Francisco.
They all did it, from Salesforce, Uber, and Twitter on down. It was pure magic, a show produced with enormous hype. Now they’re all trying to get out at the same time.
The city’s building inspector confided, “I don’t know why anyone would ever pull a permit for an apartment remodel; the cities make it so difficult.”
“The future of work is flexibility,” CEO Pichai told employees today.
This sort of sudden structural collapse in demand for office space raises some existential questions for landlords.