By WeWork’s own admission, it is unlikely to last as a company much longer. In order to survive, an earnings report said it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital through debt or equity securities or asset sales.
Source: Inman News
‘Substantial doubt’ that WeWork can stay afloat, company says
Published in Adam Neumann, co-working, David Tolley, Industry News, ipo, News Brief, office spaces, Property Portfolio, Sandeep Mathrani, Select, softbank, SPAC and WeWork
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