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WeWork loses $2.1bn and a quarter of its members as lockdowns bite


WeWork loses $2.1bn and a quarter of its members as lockdowns bite
Settlement with ousted co-founder Adam Neumann also counted for about $500m
about 4 hours ago
 
WeWork’s losses almost quadrupled to $2.1 billion (€1.7 billion) in the first quarter of this year, as the co-working company haemorrhaged more than a quarter of its members and shelled out hundreds of millions of dollars to restructure its property portfolio.
Documents seen by the Financial Times showed lockdowns and remote working in the pandemic drove WeWork’s losses sharply higher from the $556 million net loss incurred in the first three months of 2020, which was mildly impacted by the coronavirus pandemic. ....

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Detailed text transcripts for TV channel - MSNBC - 20111223:10:16:00

Improvement this quarter. it s early, sorry about that. banks, energy and tech were the biggest gainers. morgan stanley, akamai zooming on purchasing a competitor. tibco. american greetings doven. bed bath & beyond slid after warning its earnings might miss. made johnson fell. no proof of the link between the formula and the death of a newborn missouri boy. days before christmas, best buy is playing the grinch, alerting some customers they won t fill their online orders. they won t specify how many orders or which are out of stock. bad news for christmas kissers out there. mistletoe is almost impossible ....

Morgan Stanley , Akamai Zooming On Purchasing , Bed Bath Beyond , American Greetings Doven , Best Buy , Made Johnson , Newborn Missouri Boy , Bad News ,