Category: WeWork’s

WeWork’s chairman says it expects to have positive cash flow in 2021
, ,

WeWork’s chairman says it expects to have positive cash flow in 2021

After aggressive cost-cutting measures, including mass layoffs and selling several of its businesses, WeWork’s chairman expects the company to have positive cash flow in 2021. Marcelo Claure, who became WeWork’s chairman after co-founder Adam Neumann resigned as chief executive officer last fall, told the Financial Times that the co-working space startup is on target to…

Read More
WeWork’s IPO Will Go to Zero After the First Recession
, ,

WeWork’s IPO Will Go to Zero After the First Recession

WeWork’s IPO will fail because its business model requires a booming economy. The next recession will destroy the company.  | Source: ShutterstockBy CCN Markets: There’s a song that says, “one is the loneliest number.” In fact, zero is the loneliest number, especially when it is preceded by a dollar sign. And $0 is where WeWork stock…

Read More