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“ as a result of the Company’s losses and projected cash needs, combined with increased member churn and current liquidity levels, substantial doubt exists abou
by mgl 3y ago
“ as a result of the Company’s losses and projected cash needs, combined with increased member churn and current liquidity levels, substantial doubt exists about the Company’s ability to continue as a going concern”
https://s23.q4cdn.com/100276410/files/doc_financials/2023/q2/WeWork-2023-Q2-Press-Release-FINAL.pdf https://s23.q4cdn.com/100276410/files/doc_financials/2023/q2...
- downrightmike 3y agoIf they played it right, they could be cleaning up all the discounted commercial RE
- rcme 3y agoYou know it's discounted for a reason, right?
- quickthrower2 3y agoAre downtown offices dead forever?
- downrightmike 3y agoYeah, it is a catch 22
- runjake 3y agoWhat’s the reason?
- muzani 3y agoDiscounted RE is actually worth less. They don't drop prices when it's not selling, they give "discounts"
- nolok 3y agoMy understanding of we work issues is that they didn't have a problem with their office not being awesome, that had a problem with 1. covid and remote working effectively punching their business in the face, and 2. the board letting the ceo/founder being the owner of the real estate that we work then rented from him, and the rates of renting being what he wanted. softbank woke up one day realizing instead of owning a ton of real estate, all they had was renting contract, and that's worth a lot less.