Google Alert - Wework

	Wework Daily update ⋅ March 28, 2020
	NEWS
	WeWork burns through cash Real Estate Daily Beat (blog) Assumptions: The $4.4 billion figure included $1.3 billion of cash WeWork had on its balance sheet, as well as $800 million of restricted capital. Flag as irrelevant
	WeWork reassures investors it has enough cash to weather coronavirus downturn CNBC Executive chairman, Marcelo Claure, and CEO, Sandeep Mathrani, say the company "has a strategic plan and a sound financial position." WeWork is the ... Flag as irrelevant
	WeWork to miss 2020 targets because of coronavirus The Real Deal According to the letter, WeWork's revenue rose 90 percent in 2019 to $3.5 billion. The executives did not say whether the embattled co-working giant ... Flag as irrelevant
	WeWork Tenants Bristle At Demands For Rent During Coronavirus Lockdown Forbes A WeWork location displays the slogan 'Do What You Love.' Longtime tenant Nataya Simmons: "They ... [+] ... Flag as irrelevant
	WeWork plans to renegotiate leases as coronavirus worsens its woes New York Post "As we work through this process, we are working with industry partners where appropriate." Sources attributed the push to WeWork Chief Executive ... Flag as irrelevant
	Why WeWork Won't Survive the Coronavirus Pandemic CCN.com WeWork burned $1.4 billion in cash in the final quarter of 2019, on top of the $1.25 billion it lost in the previous quarter. Its main investor, SoftBank, ... Flag as irrelevant
	WeWork's Imperiled $3 Billion Stock Sale Would Mostly Benefit 5 Investors Bloomberg Members sit around a communal working table inside the WeWork Ocean Gate Minatomirai co-working office space in Yokohama. Photographer: ... Flag as irrelevant
	Knotel, A WeWork Rival Valued At $1.6 Billion, Lets Go Half Of Its Staff Forbes Knotel, a rival to WeWork that leases office space to larger companies, has laid off 30% of its workforce and furloughed another 20%, becoming the ... Flag as irrelevant
	Manhattan Assemblyman calls WeWork's coronavirus actions 'dangerous' New York Daily News But WeWork is keeping all of its New York office-sharing sites open, leading freelancers and nonprofits to take their complaints out on social media. If @ ... Flag as irrelevant
	Despite some protestations, WeWork US offices are staying open Chicago Business Journal Despite New York being considered the epicenter of the coronavirus crisis in the country, New York City-based WeWork is keeping its offices in the city ... Flag as irrelevant
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