Office-space startup WeWork lost $1.25 billion in the third quarter as expenses far outpaced revenue growth, draining the company’s cash ahead of a bailout by SoftBank Group Corp. last month.
We Co., as the parent company is officially known, said Wednesday in a report to debtholders that revenue surged 94% in the three months ended Sept. 30 to $934 million compared with the year-earlier period.
The...
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November 14, 2019 at 07:22AM
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WeWork’s Loss Balloons to $1.25 Billion - The Wall Street Journal
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