The We Company’s revenue — and losses — both doubled last year

The We Company’s annual losses doubled to nearly $2 billion in 2018, the company said on Monday. The co-working giant’s revenue also more than doubled, to $1.82 billion, but heavy spending toward worldwide expansion led to losses of $1.93 billion for the year, the Wall Street Journal reported. We Company executives say that such heavy investment was necessary to build out new offices, which will make far more money than they cost to operate once […]

source https://therealdeal.com/2019/03/26/the-we-companys-revenue-and-losses-both-doubled-last-year/