One chart shows just how dire WeWork's revenue situation is
GettyFormer WeWork CEO Adam Neumann.A simple chart showing WeWork's revenues plotted against its losses over time raises an existential question...Can this company survive?When The We Company pulled its IPO for WeWork in September it stopped disclosing its financial statements in the full, formal way required by SEC rules.Instead, as the crisis at the company rumbles on, it published a less formal Q3 2019 presentation to investors, obtained by Business Insider a few days ago. That deck shows WeWork suffered a net loss of $1.3 billion on revenues of $934 million in Q3.When you plot the company's revenue growth against its growing losses you get a dramatic snapshot of just how ugly WeWork's business is right now:Business Insider / The We CoThese numbers combine WeWork's regular revenue plus
from Business Insider India https://ift.tt/379dJw9
from Business Insider India https://ift.tt/379dJw9
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