Tech
Why WeWork Is Considering An IPO Despite Losing $1.9B in 2018
WeWork’s parent company, The We Company, is set to go public this year. It’s the latest in a string of richly valued start-ups considering an IPO in 2019. Even though The We Company was recently valued at $47 billion it’s hemorrhaging cash and lost $1.9 billion on $1.8 billion in revenue in 2018.
Things improved for WeWork in the first quarter of 2019, but only slightly: The company says it lost $264 million on $728 million in revenue during the quarter.
Its core business centers on renting out co-working spaces to everyone from startups and freelancers to large enterprises. WeWork says it’s in 485 locations and has 466,000 members, up from 186,000 in 2017.
The We Company’s CFO told CNBC that investors should look at WeWork’s losses as “investments” that will lead to more cash flow. However, Lyft and Uber’s recent IPO stumbles could bode poorly for WeWork’s chances of a successful debut, as investors seem wary about taking a bet on companies that lack clear paths to profitability.
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#WeWork
Why WeWork Is Considering An IPO Despite Losing $1.9B in 2018
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@HoangPham-qp3si
January 11, 2024 at 10:08 am
Boom
@talibahmed
January 11, 2024 at 10:08 am
Now, we know
@english_badminton_history
January 11, 2024 at 10:08 am
Now 4 years since this video was produced, Wework has been teetering on the brink of bankruptcy.
@leonardos2925
January 11, 2024 at 10:08 am
"CNBC loves them".
@Victor_Trumper
January 11, 2024 at 10:08 am
The pandemic not only put final nail in the coffin in We work but buried it 8ft Underground.
We Work is now We're Dead
@PrashantTayshetye
January 11, 2024 at 10:08 am
Thought they were bankrupt
@MidnightRambler
January 11, 2024 at 10:08 am
Ponzi
@omarperalta9590
January 11, 2024 at 10:08 am
So that went downhill pretty fast Lol
@eks1287
January 11, 2024 at 10:08 am
this video age beautifully as the pandemic strikes
@NT-ll5qq
January 11, 2024 at 10:08 am
I don’t know why a company like amazon needs a middleman for their employee to have an office they can build their own building plus it will become assets unlike renting same with other companies who use this we work platform don’t invest to a company that’s main business is being a middleman such a waste of money
@melissastork3649
January 11, 2024 at 10:08 am
Damn this aged very badly…I imagine COVID has crushed WeWork 😅
@stewiegriffin366
January 11, 2024 at 10:08 am
The CEO looks like a disheveled drunk. Who would invest with him?
@jedijedi-te4fe
January 11, 2024 at 10:08 am
A place where hipsters work and when Trump wins in 2020 they can cry with eachother shoulders. 😭😭😭😭 😂😂😂
@zusiphesikayi2390
January 11, 2024 at 10:08 am
Post coronavirus =WeBroke
@mohammedalmuqwishi
January 11, 2024 at 10:08 am
Since the WeWork's CEO called to pay $6 million to acquire “we” brand which the same WeWork's CEO was holding name "we" for his personal brand, I understood there're some dirty games happening behind this business and it deserved to be broken.
@zacharysimpson4025
January 11, 2024 at 10:08 am
"we're a community of creators"..
i'll call you con artists
@leeanucha
January 11, 2024 at 10:08 am
Post covid time, suddenly WeWork office space idea is pretty much obsolete. But i love the idea and hope they make it.
@ALevelBusinessStudies
January 11, 2024 at 10:08 am
Like the covid-19 virus where work from home will leave commercial properties empty. This is how the 1% get their BAD investments back- from uninformed investors. Stay away!
@aritragupta4182
January 11, 2024 at 10:08 am
More like WeLie, or WeSuck
@FerraPizza
January 11, 2024 at 10:08 am
Attempt to rob a bank go to jail…. Attempt to rob 1000s of investors and defraud staff get a $1.3 billion payout from key investor… Your legal system is hilarious
@maxinpains6937
January 11, 2024 at 10:08 am
Exit scam .
@nolimitexotics
January 11, 2024 at 10:08 am
I never heard of them till this video lol
@jonnyboy8000
January 11, 2024 at 10:08 am
Yelp fools gold
@walta4947
January 11, 2024 at 10:08 am
Losses are a big big Problem !!!!
@shashikanth6990
January 11, 2024 at 10:08 am
the moment money supply is stopped, that's the end of many like WE, she, him, her, they all of us at last.
probably even roman's never printed this much amount of money.
@vahtarwo1
January 11, 2024 at 10:08 am
WeWork, WeScam,We Ate or Our CEO Neumann ate Investors Money, WeOvervalued Sh$t,So We Overvalued our company at 47 Billion when the Actual Value is Mere 5 Billion. We Over-Eat too,our CEO Bought a $60 Million Jet from Investors Money when He knows He can’t physically Afford it. WeFailed IPO too. Now We are Left with abundance of Empty offices without Tangible Customers to Generate money. WeBroke now. Lemme Shot up Before u Guys Block me.
@bobschnittman2856
January 11, 2024 at 10:08 am
I am missing how WeWork is a "tech" company
@ChristoherWGray
January 11, 2024 at 10:08 am
Oh
IBM rented from them
They are the leading makers of buggy whips now
Where do I sign up?
@ChristoherWGray
January 11, 2024 at 10:08 am
Adam Neumann
Another pied piper charlatan who wants us all to live in a kibbutz and offer our women to him
@ChristoherWGray
January 11, 2024 at 10:08 am
Yeah
You're not just renting a desk or an office
You're buying into the new age guru BS of Adam Neumann and Gwyneth Paltrow Goop like nonsense
@selfsacrafice
January 11, 2024 at 10:08 am
😉 We are not a real estate company. We are a network of creators that divide /serve up SPACE to help creators expand their company…….
Soooooo you're a real estate company 😐
@minyaksayur
January 11, 2024 at 10:08 am
IPO? lol …. who is buying? Wework is puking blood, better leave it for dead. Rev $1.8 billion profit ? -$1.9 billion? yeah…no…
@0121chuchurocket
January 11, 2024 at 10:08 am
People paying $350 a month for a wework desk spot knows that they can do pretty much the same for free at a starbucks right?
@LisaSimpsonRules
January 11, 2024 at 10:08 am
Andy Neumann was a specialist in selling HOT AIR. That was his product.
@arthurzhu795
January 11, 2024 at 10:08 am
Look how lightly they brush through Neumann lease back property to his own company.
@popocucu7749
January 11, 2024 at 10:08 am
First this is not a tech company 🙂 2nd pressure from its existing investor for ROI…. The only way to do it increase valuation, complete IPO listing, existing investors cash out and minor investors burnt their fingers….
@markbrown5117
January 11, 2024 at 10:08 am
Wework expanded too fast.
@thomasnedunthally3689
January 11, 2024 at 10:08 am
2050 – We Da North
@ducatipaso1386
January 11, 2024 at 10:08 am
Great bussness model: huge liabilities, not enough income and no assets. I must not be hip enough to understand what We are trying to achive…
@grassedup5859
January 11, 2024 at 10:08 am
This sounds exactly like moviepass
@phaggio
January 11, 2024 at 10:08 am
What tech? There's no tech. Just buzz words…
@marks6406
January 11, 2024 at 10:08 am
Great idea ….. horrible management.