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WeWork documents reveal it owes $18B in rent and is burning through cash
- ilamont 9y agoRevenue from memberships more than doubled last year, to $822 million, but expenses also more than doubled, to $1.81 billion. Then: Filling desks — and keeping them filled — is an important metric for WeWork, which says it has done so with 81% of them, higher than its minimum requirement of 60% occupancy to cover costs. But it's not covering costs, and considering its rent obligations are so high, it may never be able to.