WeWork Loses $2 Billion
Business Wars Daily
Audible
4.6 • 717 Ratings
🗓️ 3 April 2019
⏱️ 5 minutes
🧾️ Download transcript
Summary
Today is Wednesday, April 3, and we’re looking at WeWork vs. CBRE.
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Transcript
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| 0:49.3 | One, three. |
| 1:07.9 | The From Wondry, I'm David Brown, and this is Business Wars Daily on this Wednesday, April 3rd. |
| 1:11.7 | With all the hype around unicorns these days, you know, the startups with gigantic valuations, it's hard to miss the opposite. That is, companies with gigantic losses, |
| 1:18.8 | especially when they're one and the same, as in the case of WeWork, the rapidly growing New York |
| 1:25.1 | based co-working company. Last week, WeWork posted a loss of $1.9 billion. |
| 1:32.8 | That was on revenue of $1.8 billion. |
| 1:37.8 | Yes, that loss is obviously gaspworthy, |
| 1:40.6 | and it's adding to the doubt many observers have expressed |
| 1:43.5 | that the company will ever become |
| 1:45.5 | profitable as it predicted it would be by now. But WeWork is still growing. Revenues doubled in |
| 1:51.7 | 2018 over the year before. So what gives? Can a huge co-working company make it? Or has WeWork been |
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