Presentation They are projecting adj. EBITDA of 1.98 Billion in 2024 but they are assuming 85% occupancy to get that figure, so I don’t know how realistic that figure is. Wework is a much better company that last time it …
by Jesse Colombo On Monday, unicorn WeWork reported that it lost $1.9 billion on $1.8 billion revenue in 2018. WeWork is a company that provides shared workspaces and related services for startups. WeWork can be thought of as a company that sells …
The CEO is selling that $20 billion valuation to a lot of smart, rich guys. But WeWork’s entities are known as SPE’s (“Screwing Probably Expected”), and its landlords will be the first to go down. By John E. McNellis, Principal at McNellis …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter When is it gonna pop? The junk-bond market is still in total bubble bloom, simply ignoring the bloodletting in the Treasury market that pushed the 10-year yield to 3%, finally for the first time in over …