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WeWork Lost $3.2 Billion in 2020

By Cory Weinberg
· · Source: The Financial Times

WeWork lost $3.2 billion last year as the pandemic hit occupancy rates in its buildings, according to documents obtained by the Financial Times. The loss represented a slight narrowing from the $3.5 billion WeWork lost in 2019, as the company laid off thousands of employees over the past year. But the company struggled to fill its buildings due to the pandemic. Its occupancy rate fell to 47%...

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By Alex Heath · April 16, 2021 6:20 PM PDT
Dion Foxworth, co-host of the “Stock Market Moves” show, uses the Clubhouse app. Photo:Bloomberg
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