WeWork & # 39; s Tap Balloons for $ 1.25 Billion


Office space start-up WeWork lost $ 1.25 billion in the third quarter as spending far surpassed revenue growth, draining the company's cash ahead of a rescue by SoftBank Group Corp. last month.

We Co., as the parent company is officially known, said Wednesday in a report to cooperatives that revenues increased 94% in the three months ended September 30 to $ 934 million compared to the previous year.

The …

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