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WeWork more than doubles sales in first quarter

WeWork more than doubles sales in first quarter

6 years ago
Anonymous $roN-uuAfLt

https://www.cnbc.com/2018/06/14/wework-more-than-doubles-sales-in-first-quarter.html

WeWork more than doubled its sales in the first quarter of 2018 to $342m, according to an internal memo seen by the Financial Times, accelerating from the fevered growth the shared office space provider achieved last year and bolstering its hopes for a new fundraising and eventual stock market listing.

The company did not put a figure on its net losses for the period in its update to employees, but said adjusted earnings before interest, taxes, depreciation, amortization and its growth investments rose 137 percent to $26m in the three months to the end of March.

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