Evercore is going after JPMorgan and Goldman; WeWork’s CEO explains why he thinks his $47 billion company is recession-proof
|05/18/2019||Posted by BusinessMediaguide.Com under General World News||
It was a big news week in the finance world. Both Goldman Sachs and JPMorgan announced their biggest-ever acquisitions since the financial crisis, trade talks continued, and even Bitcoin rebounded.
WeWork said on Wednesday that it’s growing incredibly fast, but is still losing money. The company’s revenue more than doubled in the first quarter to $728 million as it expanded in international markets such as China, but still posted a net loss of $264 million.
Investors are watching the coworking company especially closely as it inches closer to an initial public offering.
If you’re new to the Wall Street read more >>>