3 ms·

WeWork reports loss of nearly $2.1bn ahead of stock market debut

• Closi 5y ago
  $2bn quarterly loss against quarterly revenue of $600m… ouch. I assume this is because it includes the c$600m spent to restructure, and because they are only at 50% occupancy, but it looks like steering the ship to good profitability will be tough (especially since they are on the brink, and many landlords and tenants don’t really want to deal with that).