WeWork loses $1.25 billion US in third quarter

WeWork racked adult $1.25 billion US in waste in a third entertain as it geared adult for, and an eventually scuttled, a entrance as a open company.

The bureau space-sharing company’s waste some-more than doubled between June-September, compared with a same duration a prior year, as a office-sharing association spent heavily in office of assertive growth.

The waste outpaced an eye-popping 94 per cent spike in revenue, that reached $934 million in a same duration compared with final year.

The total were enclosed in a news to debtholders, performed Thursday by The Associated Press.

WeWork combined 103 office-sharing locations during a third quarter. It now has 625 locations in 127 cities around a world.

WeWork cancelled a initial open charity as financier doubt about a company’s value grew.

Article source: https://www.cbc.ca/news/business/wework-third-quarter-losses-1.5359641?cmp=rss