WeWork lost $1.9 billion last year, but it's considering going public

The We Company, parent company of WeWork, is the latest in a string of richly valued start-ups set to go public this year. But though it was recently valued at $47 billion, it's far from turning a profit. Instead, it's hemorrhaging cash.

WeWork lost $1.9 billion last year on $1.8 billion in revenue, as it focused on rapid growth. Things improved in the first quarter of 2019, but only slightly: The company says it lost $264 million on $728 million in revenue during the quarter. The company's core business revolves around renting out co-working spaces to everyone from startups and freelancers to large enterprises. Now, WeWork says it's in 425 locations, and has over 400,000 members, up from 186,000 in 2017. the company's CFOHowever,

tech Bring‘em on!!! Matching long term liabilities with short term contracts looks juicy.

tech How is this real-estate company 'valued' at $47 BILLION

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