Dr. Gleb Tsipursky – The Office Whisperer
Cat Johnson – Coworking Marketing Maven
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Andrea Pirrotti-Dranchak – Competitive Advantage
Jonathan Price – CRE & Flex Expert
Jeremy Fennema – Tech Innovation Alchemist
The We Company doubled its annual losses to $2 billion in 2018, while it’s revenue also doubled to $1.82 billion.
It’s massive spending towards worldwide expansion led to a $1.93 billion loss for the year, but executives say that the investment was necessary for the company to build new offices.
We’s expansion into cheaper markets also led to a drop in occupancy rate from 84% to 80% in the fourth quarter and the average revenue it typically makes from individual members fell down 13.5% from 2016.
The company’s massive expansion was fueled by the massive investment it received from SoftBank’s Vision Fund.
