Future of work newsletter free subscription Future of work newsletter free subscription Future of work newsletter free subscription
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Workspaces Run Better On UltraSoftBIS
Home News Business

What Does WeWork’s Common Desk Acquisition Mean For Its Future?

Aayat AlibyAayat Ali
January 25, 2022
in Business
Reading Time: 2 mins read
A A
What Does WeWork’s Common Desk Acquisition Mean For Its Future?

More stories for you

WeWork co-founder Adam Neumann bids over $500M to take over the troubled company amid bankruptcy.

WeWork’s Controversial Ex-CEO Adam Neumann Seeks Redemption with $500M+ Buyback Offer

1 year ago
WeWork Is Adjusting To The New Normal, But Is It Enough For Members?

WeWork Is Adjusting To The New Normal, But Is It Enough For Members?

3 years ago
WeWork And Adam Neumann Come Together To Deny Allegations From Former Landlord

WeWork And Adam Neumann Come Together To Deny Allegations From Former Landlord

3 years ago
WeWork Has Finally Gone Public

Second Time’s The Charm – WeWork Has Finally Gone Public

4 years ago

Dallas-based flexible workspace operator Common Desk has announced that it will be acquired by WeWork.  

The deal is expected to close in March, and if all goes as planned, Common Desk will operate under the name “Common Desk, a WeWork Company.”  

Advertisements
Nexudus - Tech Stack Lovers

This marks WeWork’s first acquisition since Adam Neumann stepped down as CEO over two years ago. 

Common Desk, which currently has 23 locations across 13 cities in North Carolina and Texas, mostly operates through landlord management agreements that allow both the operator and the building owner to minimize risk. Of its current locations, 19 operate with management agreements. 

Advertisements
Workspaces Run Better On UltraSoftBIS

“Similar to WeWork, Common Desk is a company built on the concept of bringing people together to have their best day at work,” said Nick Clark, CEO of Common Desk. “With the added support from WeWork, Common Desk will be able to not only leverage WeWork’s decade of experience in member services to improve the experience of our own members but also leverage WeWork’s impressive client roster to further build out our member base.”  

WeWork claims that this acquisition will help it in its path to finally becoming profitable. In recent years, the company shed many of its acquisitions and stakes into other companies to eliminate unnecessary baggage. 

In its December 2021 sales results, WeWork reported consistent growth due to growing demand for flexible offices.  

However, the company also saw a net loss of $802 million during the third quarter of 2021, indicating that the operator may not be out of the woods and on the path to profitability as it is trying to present. 

Advertisements
Workspaces Run Better On UltraSoftBIS
Advertisements
Subscribe to the Future of Work Newsletter
Tags: wework
Share5Tweet3Share1
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, 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.

Other Stories Recommended For You

WeWork co-founder Adam Neumann bids over $500M to take over the troubled company amid bankruptcy.
Coworking

WeWork’s Controversial Ex-CEO Adam Neumann Seeks Redemption with $500M+ Buyback Offer

byDominic Catacora
1 year ago

Adam Neumann, the ousted co-founder and former CEO of WeWork, has submitted a bid of over $500 million to regain...

Read more
WeWork Is Adjusting To The New Normal, But Is It Enough For Members?

WeWork Is Adjusting To The New Normal, But Is It Enough For Members?

3 years ago
WeWork And Adam Neumann Come Together To Deny Allegations From Former Landlord

WeWork And Adam Neumann Come Together To Deny Allegations From Former Landlord

3 years ago
WeWork Has Finally Gone Public

Second Time’s The Charm – WeWork Has Finally Gone Public

4 years ago
Advertisements
Maximize Flexible Space Revenue
Advertisements
Workspaces Run Better On UltraSoftBIS

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00