WeWork Employees Caught Spying on Competition (nypost.com)

An anonymous reader shares a report: The battle in the red-hot co-working space business is heating up. WeWork, the No. 1 player in the sector, allegedly sent two spies to infiltrate rival Knotel -- to steal info and some customers, Knotel claimed. The spies showed up at seven Knotel properties in Manhattan last month in a "systematic attempt to pilfer Knotel's proprietary information and trade secrets," according to a cease-and-desist letter the smaller company sent to WeWork. The Post has obtained a copy of the letter. The corporate espionage rookies may have pulled off the caper except, in a totally random happening, a Knotel employee recognized one of them as a friend of a friend, according to sources close to Knotel. While the pair used fake names to gain entry, according to the letter, a call to the Knotel worker's pal got the spy's real name -- and a couple of social media inquiries turned up the fact that he worked for rival WeWork, sources said. The letter to WeWork asks for a reply by Oct. 13 -- but so far Knotel hasn't heard a peep from its rival, according to CEO Amol Sarva. While inside the Knotel offices, visited Sept. 12-14, the luckless spies posed "as the founders of a fast-growing startup" and said they needed space for their six-person company, according to the letter.

Comments

Re:What is the "Red-hot co-working space business"

[barbariccow]

I think they are in the business of finding space to cram a bunch of temp-workers in for an overnight call center, which will go out of business before it is time to pay taxes and then it will lease that same space to a small start-up which believes strongly that work can't be done remote, and requires space-holders to sit in cubes to function. Basically short-term landlords targeting business.

Re:What is the "Red-hot co-working space business"

[Hognoxious]

I think it's like Starbucks but instead of selling you overpriced coffee they charge you rent. And then sell you overpriced coffee.

Re:What is the "Red-hot co-working space business"

[Tablizer]

Someone please explain in a few words, what kind of "sector" that is supposed to be.

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