WeWork on track for profitability by end of 2021, says chairman

WeWork’s business model may have been called into question by the coronavirus pandemic, but its executive chairman says the company is now near profitability. The flexible-office startup, founded in 2010, is now on track for positive cash flows by the end of 2021, Marcelo Claure told the Financial Times. In fact, Claure said the pandemic has sent the firm’s demand for private spaces “through the roof.” Mastercard, TikTok-owner ByteDance, Microsoft and Citigroup have recently signed

source https://therealdeal.com/2020/07/13/wework-on-track-for-profitability-by-end-of-2021-says-chairman/