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 [
Here’s a good explainer from Reuters on the airline industry’s response to the Wuhan coronavirus outbreak so far. If the virus spreads becomes a pandemic, this could impact world financial markets as did SARS in 2003.
Latest update blurs ads vs. search results line
@radmint tweeted a photo from her Microsoft New Employee orientation in which she is posed with a "celebrity Clippy"; the eagle-eyed Kristen Seversky noted that the forearm of the actor in the Clippy suit is adorned with a seemingly permanent, very prominent Clippy tattoo.
Traditional headphones are overrated, especially now that this HumBird Bone-Conducting Speaker allows you to enjoy a rich and completely unique listening experience depending on where you place it. A must-have item for true audiophiles looking to switch up their usual listening routine, this compact speaker uses cutting-edge bone conduction technology in order to deliver a […]
You don’t need to be a professional chef in order to enjoy a great set of knives in your kitchen, yet far too many would-be culinary pros settle for subpar blades that lose their edge after a few months. This Schmidt Brothers® Cutlery Carbon 6 7-Pc Knife Block Set will bring a new level of […]
Now that the latest iPhones have embraced the wireless charging revolution, there’s really no excuse for not having a wireless charger of your own. But even the best wireless chargers don’t allow users to use their phones while they’re being powered up. This Suction Powered Wireless Charger breaks that rule by allowing you to comfortably […]