WeWork loses $1,25 billion in third-quarter   [lessons to be learned]
Channel: Ameer Rosic
Date: 16/11/2019

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"WeWork racked up $1.25 billion in losses in the third quarter as it geared up for, and an ultimately scuttled, its debut as a public company.

WeWork’s losses more than doubled between June-September, compared with the same period the previous year, as the office-sharing company spent heavily in pursuit of aggressive growth.

The losses outpaced an eye-popping 94% spike in revenue, which reached $934 million in the same period compared with last year.

The figures were included in a report to debtholders, obtained Thursday by The Associated Press."


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