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90- WeWork - Business Design Teardown
d.MBA
How to Avoid Huge Losses
In 2018, we work had a revenue of 1.8 billion and a loss of 1.9 billion. If you calculate this with every signup, they would lose $5,000 per new customer. So yeah, they're losing more money that they are even making. And now, question for you, Alan, do you want to cover it? Or should I stay at huge losses? Go for it. Yeah. Okay. In the first half of 2019, when they planned, so they planned to go public in the end of 2019, in the firsthalf of 2019, they already had lost 900 million. So already one, almost already one billion dollars Sick.
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