WeWork’s latest earnings report shows it’s still using a controversial accounting method that reminds experts of tech-bubble shenanigans
|05/16/2019||Posted by BusinessMediaguide.Com under General World News||
- Following its initial public offering filing, WeWork released first-quarter financials that showed higher revenues and a smaller loss from a year ago.
- The results also showed WeWork is still reporting a gauge of profits it created called community-adjusted EBITDA.
- Some Wall Street experts say this inventive method for financial reporting is reminiscent of the 1990s tech bubble.
- They worry that sloppy public debuts by unicorns will affect the broader stock market.
- Visit Business Insider’s homepage for more stories.
WeWork will soon join the drove of multibillion-dollar tech companies going public.