Tag: WeWork

Capital, Finance Tech

WeWork gets $150 million investment from real estate services firm Cushman & Wakefield

October 29, 2021


Real estate services company Cushman & Wakefield (NYSE:CWK) said on Friday it had invested $150 million in WeWork Inc, days after the office-sharing firm started trading on the New York Stock Exchange following a merger with a blank-check company. As […]

Enterprise, Industries

WeWork gains 9% in long-awaited trading debut 2 years after failed IPO attempt

October 21, 2021

Via: Markets Insider

WeWork stock climbed in its first day of trading Thursday, two years after its efforts to launch an initial public offering crashed. The flexible-workspace company went public through a merger with BowX Acquisition, a special purpose acquisition company, with the […]

Financial Services, Industries

Goldman Sachs Lost Millions on WeWork and Uber. Now, the CEO Is Talking Up the ‘Path to Profitability’

November 5, 2019

Via: Fortune

Goldman Sachs Group Inc., stung by losses in Uber Technologies Inc. and WeWork, has a message for investors in growth stocks: profit matters. After years of pursuing revenue growth at all costs, driven by cheap money, markets are increasingly focusing […]

Financial Services, Industries

SoftBank’s shares slump to a 10-month low after $9.5 billion WeWork bailout

October 24, 2019

Via: Business Insider

SoftBank’s share price hit its lowest point since the last week of January after it announced it would be bailing out WeWork earlier this week. The firm’s stock fell nearly 3% in Tokyo trading on Thursday, as investors reacted to […]

Enterprise, Industries

WeWork is reportedly seeking a $4 billion lifeline from SoftBank and JPMorgan

October 8, 2019

Via: Business Insider

WeWork is seeking a $4 billion lifeline from SoftBank and JPMorgan, according to Reuters. The shared workspace group is in talks with its largest investor for a $1 billion injection, which it hopes to parlay into a $3 billion debt […]

Enterprise, Industries

It is really difficult to see how WeWork will ever be profitable

August 26, 2019

Via: Business Insider

This is the chart that WeWork created to convince investors that it will be profitable in the future. It shows that in the early days of a lease, expenses will outrun revenues, leaving the lease running at a loss for […]