As WeWork gears up for an IPO, it's going to have to get investors focusing on its massive growth — not its staggering losses.
WeWork, the coworking space company, is valued at $47 billion, but it's hemorrhaging money. WeWork is losing $219,000 hourly. In 2018, the company's losses and revenues both doubled, to $1.9 billion and $1.8 billion, respectively. As WeWork moves toward an IPO, it will need to convince investors that it's a worthwhile longterm investment and could survive an economic downturn, despite its losses. Visit Business Insider's homepage for more stories.
WeWork, the coworking space company, is valued at $47 billion, but it's hemorrhaging money. WeWork is losing $219,000 hourly. In 2018, the company's losses and revenues both doubled, to $1.9 billion and $1.8 billion, respectively. As WeWork moves toward an IPO, it will need to convince investors that it's a worthwhile longterm investment and could survive an economic downturn, despite its losses. Visit Business Insider's homepage for more stories.
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