WeWork Cos. on Monday said its loss last year doubled to nearly $2 billion, as the nine-year-old company spent heavily in an effort to rapidly expand its network of shared offices around the world.
The New York-based company’s revenue more than doubled to $1.82 billion, mostly from leasing office space. But heavy expansion costs led to a loss of $1.93 billion.
Source: News Formal (newsformal.com)
This one is going bust soon!
So this is the 2 billion unicorn?
That’s because the open work space is going away. People don’t like it.
WeNeed more money.
Might need a Vision Fund 3
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