One chart shows just how dire WeWork's revenue situation is - Business Insider

In Q3, the losses vastly eclipsed revenues. That underscores an existential question around WeWork: Is this company a "going concern"? The term "going concern" is the official jargon accountants use when they believe there is a realistic prospect that the company might go bankrupt.

On the numbers above, from WeWork's own investor deck, it is difficult to imagine that this company can survive. There are some things we don't know. WeWork's latest presentation doesn't give a full set of official financial statements, and they may include cashflow information that would make the picture rosier.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's why one analyst thinks Uber's stock could double - Business InsiderBarclays analysts expect Uber's fourth-quarter earnings results to be more impressive than its third-quarter report.
Source: BusinessInsider - 🏆 729. / 51 Read more »

WeWork is reportedly drawing scrutiny from the SEC after its failed attempt to go public - Business InsiderThe SEC is scrutinizing whether WeWork violated financial rules and possible conflicts of interest at the company, Bloomberg first reported Friday.
Source: BusinessInsider - 🏆 729. / 51 Read more »

One of these 16 finalists will become Business Insider's 2019 Car of the YearBrands represented this year are Audi, BMW, Cadillac, Ford, Honda, Lamborghini, Mazda, Mercedes-Benz, Nissan, Porsche, RAM, Subaru, and Toyota.
Source: BusinessInsider - 🏆 729. / 51 Read more »