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

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

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.

 

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