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.
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
#WeWork
Why WeWork Is Considering An IPO Despite Losing $1.9B in 2018
Видео Why WeWork Is Considering An IPO Despite Losing $1.9B in 2018 канала CNBC
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.
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
#WeWork
Why WeWork Is Considering An IPO Despite Losing $1.9B in 2018
Видео Why WeWork Is Considering An IPO Despite Losing $1.9B in 2018 канала CNBC
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
The Spectacular Rise and Fall of WeWorkThe Most Overvalued Startup in the World?What Happened To Dell?IPO and Neumann stepping down a house of cards falling down: SonnenfeldWeWork: Or the Making and Breaking of a $47 Billion Unicorn • Official Trailer - A Hulu OriginalThe Troubled Saga of Masa Son's $100 Billion FundMasa Son on SoftBank's WeWork InvestmentWhy WeWork's Business Model Is Risky | WSJIWG CEO on WeWork and the commerical real estate marketWho is competing with Uber? | CNBC ExplainsSneaky Ways Car Makers Are Ripping You OffWhy Ford Is Risking Mustang To Take On TeslaHow Popeyes’ Chicken Sandwich Changed Fast FoodHow Trash Makes Money In The U.S.How WeWork Makes MoneySam Zell weighs in on WeWork's office-sharing business modelHow WeWork plunged from almost $50 billion in value to nearly worthless7 BIG Upcoming IPOs for EARLY 2021How Impossible Foods Turned A Plant-Based Burger Into A $4 Billion BrandThe banks and WeWork were ‘drowning’ in red flags: WSJ Reporter on the rise and fall of We Work