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 [
Nelsie writes, "Twitter user tweeting about inhuman conditions at Amazon warehouses gets brigaded by tag-team of warehouse workers who are paid to tweet about working at Amazon warehouses two days of the week."
Despite the departure of its most prominent leaders amid claims of harassment and retaliation, the Googler Uprising lives on, with Google employees circulating an internal petition demanding that the company not contract with US border agencies to provide any kind of services, on the grounds that US immigration authorities are notorious abusers of human rights.
"The Ohio State University" is apparently the full name of Ohio State, and to remind everyone of it, they're selling a line of clothing emblazoned with the stark word "THE," and so they've asked the US Patent and Trademark Office to give them the exclusive right to sell t-shirts, baseball hats and hats with the […]
Let’s face it: People at the gym aren’t bragging about their headphones. If they were that great, they’d be listening to them instead of talking about them. So while we’re sure those new PowerBeats Pro earbuds are something special, why would you shell out $250 for a tiny pair of speakers when comparable ones are […]
Big companies take on big projects. When they do that, they need a project manager to lay out a roadmap for the entire team – and they’re typically willing to pay a big paycheck to the person who can fill those shoes. So what does it take to become a project manager? If you don’t […]
Your phone doesn’t have to be the only smart piece of tech in your pocket. We regularly take pens, lighters, and wallets for granted, but here are 10 portable items that improve on those everyday bits of gear and others just like them. TEC Accessories The Orbiter™ Pinstripe Magnetic Fidget Device Tired of that same […]