Friday 13 November 2020

WeWork losses continue but firm sees glimmer of hope

WeWork is still losing money, but the flex-office provider is hoping big changes in the office market will favor the beleaguered firm. Revenues continued to decline at WeWork in the third quarter, but it’s spending slightly less than it was in the second quarter, Reuters reported, citing a company memo. WeWork revenue declined 8 percent from the second quarter to $811 million, but the company spent only $517 million negative free cash flow, an improvement



source https://therealdeal.com/2020/11/13/wework-losses-continue-but-firm-sees-glimmer-of-hope/

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