WeWork’s losses swell to nearly $2 billion as it seeks global expansion

WeWork’s losses swell to nearly $2 billion as it seeks global expansion

WeWork said that revenue last year more than doubled. Revenue in 2018 climbed to $1.8 billion from $886 million a year earlier. However, it did report a net loss of $1.9 billion, up from $933 million in 2017. Members, or the people who pay for monthly use of WeWork’s facilities, jumped to 401,000 from 186,000.

Timothy
Timothy
Top in Business
Get the App