WeWork Demand Is Exceeding Pre-pandemic Levels

Marcelo Claure, Executive Chairman of WeWork, says that demand for the company’s locations has recovered as inquiries have started exceeding pre-pandemic levels.

After making this claim during an interview at the Bloomberg Businessweek virtual summit, a spokeswoman confirmed this comment in an email.

This news came soon after WeWork CEO Sandeep Mathrani faced criticism for claiming that “those who are least engaged are very comfortable working from home” during a Wall Street Journal podcast.

Currently, WeWork is looking to go public by merging with special purpose acquisition company BowX Acquisition Corp. During its pitch, WeWork’s projections and financial calculations reflected talking points it made during its failed attempt to go public in 2019, leaving investors scratching their heads.

One of the biggest eyebrow-raising claims is how WeWork calculates profitability. However, the company has pushed back that its financials are misleading.

“With a new management team in place, WeWork spent the last year working diligently to improve the fundamentals of the business with a renewed commitment to ensuring our financial disclosures,” WeWork said in a statement to Bisnow in April.