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Thursday, May 14, 2020

WeWork reports slower cash burn in first quarter: CFO email

The We Company, owner of WeWork, said on Thursday that for the first time quarterly revenue surpassed $1 billion and cash burn improved 60% sequentially, but the money-losing shared office operator did not mention profitability in an email to employees that was reviewed by Reuters.


from Reuters: Business News https://ift.tt/2T7mbXm

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Muriel Zagha, Prof Sam Friedman, Lord Willetts, Lisa Holdsworth and Prof Melinda Mills. from BBC News https://ift.tt/P1UyOhl