Sunday, May 19, 2019

Thank You, Federal Reserve: WeWork Lost $1.9 Billion Last Year, But It’s Considering Going Public

The We Company, parent company of WeWork, is hemorrhaging cash with a business model that doesn't suggest the cash drain will stop anytime soon.

CNBC reports:
WeWork lost $1.9 billion last year on $1.8 billion in revenue.
But it is considering going public. The company’s CFO told CNBC that investors should look at WeWork’s losses as “investments” that will lead to more cash flow.

You only hear these kinds of absurd statements during a period when the Fed is aggressively pumping money. The idea that WeWork could actually complete an IPO is actually stunning.


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