Has this firm ever been profitable? I would think the remote work thing either killed it or helped it since some workers may prefer coffee shop office instead of their living room as offices get phased out?
“As a result of the Company’s losses and projected cash needs, combined with increased member churn and current liquidity levels, substantial doubt exists about the Company’s ability to continue as a going concern,” WeWork (WE) said in a statement.
WE posted Q2 GAAP earnings per share of -$0.21, missing estimates by $0.09. Revenue climbed 3.6% Y/Y to $844M and beat expectations by $3.93M.
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