Hosted on MSN11mon
SoftBank Finally Wipes Out $14B WeWork Losses As It Posts $6.6B Profit Riding On Tech Rebound And T-Mobile Shares
In a recent turn of events, SoftBank Group Corp (OTC:SFTBY) declared its entire investment in WeWork as a loss. This announcement comes despite SoftBank’s first profitable quarter in five.
Business Insider5y
Analysts say $47 billion WeWork is trying to position itself as a tech company as it prepares to go public, but it doesn't really look like one
That's because these companies incur high costs by investing in property and equipment and building out spaces, which can drive its losses. These are the same areas where WeWork is spending its ...
BBC5y
WeWork posts $900m loss as it plots stock market listing
WeWork offers serviced office space ... test will be when it goes public and its ability to avoid the same fate of loss-making Uber and Lyft which stumbled on their stock market debuts.
Business Insider India5y
WeWork just reported its financials for 2018 and both its revenue - and losses - doubled
WeWork more than doubled its revenue, loss, and footprint last year, according to a financial presentation seen by Business Insider. The New York-based company, which offers office space to ...
Business Insider India5y
The last 4 years of WeWork's pre-IPO financials show just how important cashflow is to the company's growth
But a look at four years' worth of financials from WeWork's US and UK businesses show the company has healthy positive cashflow, even though on paper it records huge losses. [We have published ...
WeWork India clocks nearly Rs 131 crore loss in FY24, expenses up by 19 pc
Flexible co-working space provider WeWork India suffered a loss of about Rs 130.8 crore in FY24, down from Rs 144.5 crore in ...