WeWork’s Loss Balloons to $1.25 Billion

WeWork’s Loss Balloons to $1.25 Billion

Office-space startup WeWork lost $1.25 billion in the third quarter as costs far outmatched profits growth, draining the company’s cash ahead of a bailout by SoftBank Group Corp. last month.

We Co., as the parent company is formally understood, said Wednesday in a report to debtholders that income surged 94%in the three months ended Sept. 30 to $934 million compared with the year-earlier duration.

The …

Find Out More