Financial disclosures from Wework in support of its IPO reveal that the company loses almost $5,200/customer, and that it hemorrhaged $1.3B in the first half of 2019.
The company plans to lost $2.7b in 2019 overall. Its corporate mission is "to elevate the world's consciousness." They lose more money per customer than any other, even world-beating-loser Uber.
But what is staggering about WeWork, and what could turn off investors as a major stumbling block to profitability, is how much it loses per customer. It's 24 times the amount that ride-sharing giant Uber, another recent IPO, is on track to lose per active rider this year, and nearly 129 times what struggling meal delivery service Blue Apron losses per subscriber, and nearly 753 times the $6.90 per year that popular pet e-tailer Chewy.com lose a year per regular customer.
WeWork IPO filing shows it's losing nearly $5,200 per customer [
Security researchers at Purdue and U. of Iowa confirm what many security experts have long feared: there are serious security weaknesses in 5G that undermine the promised security and privacy protections.
A new proprietary online payment system for WhatsApp, Instagram, and Facebook launches today, exactly two weeks after all the payment companies dropped out of Libra.
During the early 20th century, Kutol Products was the world’s biggest manufacturer of wallpaper cleaning products. But once coal heating in homes was replaced with oil, gas, and electricity, dirty wallpaper became less of a problem and Kutol was in trouble. So in 1956, they pivoted. From Smithsonian: Joseph McVicker was trying to turn around […]
Got some aches that a lazy rubdown won’t put a dent in? Give your muscles an early Christmas with these massage guns. If you’ve never tried one, they’re all designed to bring deep tissue relief, and they’re all at Black Friday prices now. JAWKU Muscle Blaster V2 Cordless Percussion Massage Gun This cordless massager exerts […]
Just about everybody from small-time app developers to big database administrators loves Linux. But just because it’s open-source doesn’t mean its secrets are open to everybody. For that, you need a comprehensive training program like the Complete Linux System Administrator Bundle. If you’re chasing any kind of career in coding, this is the online regimen […]
If you want to be an app developer for Android, there’s never been a better time. Languages like Kotlin are tailor-made for functionality, and the Jetpack suite of tools makes the whole process easier. The only hurdle is learning your way around these tools, and that’s where the Android Jetpack & App Development Certification Bundle […]