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Tech

WeWork blasts tenant data firm for critical post

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Tech

WeWork blasts tenant data firm for critical post

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COMING UP:WeWork blasts tenant data firm for critical post

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00:00:02
>> In an inter office drama for the information age. Red hot start up, WeWork, is suing a small data mining company that calls its shared office space home. Why? It's a great story. The firm, called Thinknum, published a blog post saying the number of customers fleeing WeWork office spaces has recently surged.
00:00:20
And the twist, Thinknum did it's recon from inside a WeWorks site in Manhattan. Now, WeWork wants the post on medium taken down. Reuters correspondent, Herb Lash.>> A high churn rate could indicate people don't like the place, they'd rather be elsewhere, they think they can get better deals elsewhere.
00:00:37
But the fact of the matter is, they're very, very small companies at WeWork, and there is a constant turnover.>> Remember, WeWork isn't just a unicorn, it's achieved rare decacorn status, with an estimated value of $16 billion. Using it's access to WeWork's internal social networking platform. Thinknum mined data, including company names, when they signed on with WeWork and how quickly they left.
00:01:01
>> The company's response was that the data of the person actually mined was not complete, that there was some test cases there. So that it was difficult to get a complete picture of what was going on, and the company just said that it was inaccurate.>> This week WeWork sent a cease and desist letter to Thinknum's head, Justin Zhen, giving him until Saturday to pull his post and to delete the data the firm has gathered, saying a no data scraping rule is clearly spelled out in the membership terms.