WeWork under pressure as losses soar to $1.25B

WeWork lost $1.25 billion in the third quarter — up from $497 million in the same time period last year. The parent of the troubled-office startup also reported a surge in revenue to $934 million in the months following Sept. 30, the Wall Street Journal reports, citing a report to debtholders this week. The $1.25 billion loss falls in contrast to the $638 million loss posted in the second quarter. The company blamed the third-quarter

source https://therealdeal.com/2019/11/14/wework-under-pressure-as-losses-soar-to-1-25b/