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.
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 ...
It is now reportedly being valued somewhere in the $10 to $12 billion range. WeWork’s high valuation, steep losses, and frosty reception by investors are all contributing factors to the delay.
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.
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 ...
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 ...
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 FY23.