Advertisement
Back To Daily Digest
Tags: BUSINESS

WeWork Is Shifting The Narrative Where Losses Are Investments

While WeWork gears up for its highly anticipated initial public offering, it is trying to shape its narrative to view its losses as “investments.”

CFO Artie Minson said that the company hopes to emphasize the difference between its investments and actually losing money.

The company said it finished the first-quarter with a $264 million loss, narrowing its deficit by about $10 million from the same time last year. Its revenue has also more than doubled to $728.3 million due to its expansion into new international markets

The Latest News
Delivered To Your Inbox

Still, public market investors have penalized Uber and Lyft for their billion in losses and inability to become profitable.

WeWork’s model still relies heavily on funding from private investors, which has led them to their $47 billion valuation. Regardless, public markets want to see profits when asking to pay a high price.

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

Ad
Advertisement

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • instagram
  • pinterest
Ad
Advertisement
Advertisement

POPULAR ARTICLES

Advertisement
Advertisement