Citation
WeWork Loses $1.9B on $1.8B in Revenue During 2018
TL;DR
WeWork lost $1.9 billion on $1.8 billion in revenue in 2018
Documented the fundamental unit economics failure at WeWork - losing more money than revenue generated. This represents thermal runaway in its purest form: heat generation (costs) exceeding any possible cooling (revenue), making the business model thermodynamically impossible to sustain.
Key Findings from News & Street (2019)
- WeWork lost $1.9 billion on $1.8 billion in revenue in 2018
- Losses exceeded total revenue - fundamental business model failure
- Each location generated costs faster than revenue