WeWork's market cap is now smaller than its much more straight-laced rival as the market adjusts to reality
Now WeWork faces cash crunch as it struggles with dwindling users and expensive long-term leases, watching as its market cap plunged from $2.3B at the start of December to $1.35 billion at the end of trading on Wednesday.
The company now has a market cap of $2 billion at the end of trading on Wednesday, after being forced to wince through articles likeUnder Adam Neumann, WeWork expanded rapidly before investors eventually grew concerned over the growth strategy. After Neumann'sThe company had negative cash flow of $4.3 billion from July to September this year, per.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Twitter appears to disband its Trust and Safety CouncilTwitter appears to disband council responsible for recommending safety measures amid uptick in hate speech on the site
Weiterlesen »
SBF didn't think he would be detained, hours before arrestSam Bankman-Fried was playing the game Storybook Brawl and said in an interview he didn't think he would be detained just hours before his arrest
Weiterlesen »
How a metaverse-real-estate startup landed a $60 million Series A'There was so much more we could do,' Yorio said. 'So we decided to build an entire company.' This premium story was unlocked by Verizon.
Weiterlesen »
EY axes holiday bonuses for US staff over uncertain economic outlookInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Weiterlesen »
Elon Musk got one thing right during his Twitter takeover: managers should do workInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Weiterlesen »
Elon Musk got one thing right during his Twitter takeover: managers should do workInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Weiterlesen »