WeWork’s CEO and CFO provide the math behind their belief that the $47 billion company won’t collapse when a recession hits
|05/17/2019||Posted by BusinessMediaguide.Com under General World News||
- Red flags are waving for analysts as WeWork prepares to go public.
- The unprofitable company is burning cash and real estate companies typically don’t do well during recessions.
- But WeWork’s CEO claims his company “comes out much stronger” in a downturn.
- His explanation leaves some questions. But we really won’t know the true health of the company until we see the S-1, and a full-on recession challenges the business.
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In December, WeWork filed for an IPO. The office-leasing company has risen from nothing to a $47 billion valuation in nine years.
Despite the hype and rapid growth, red read more >>>