• About
  • Contact
Friday, June 24, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

WeWork’s Revenue and Losses Doubled In Last Year!

Sourav by Sourav
March 27, 2019
in Startup
Reading Time: 2 mins read
A A
0
wework logo

WeWork is one of the biggest names when it comes to shared office spaces – a phenomenon that has been slowly disrupting the way start-ups rent workspaces and grow. By the end of 2018, WeWork already had more than 4,00,000 paying members worldwide that used its flexible or shared space. In fact, 43% of its total revenue came from workspaces that were located outside the US.

With its huge surge in international growth, the company saw its sales increase to 1.82 Billion USD. However, at the same time, its losses also doubled to 1.93 Billion USD. While WeWork is still a private organization, it does occasionally share some of its financial metrics with the media, even though it is not required to. More often than not, at times most of its announcements of financials along with other, bigger announcements. WeWork has raised funds from SoftBank, which is one of its biggest investors. The company saw an influx of 1 Billion USD in convertible notes, and 3 Billion USD warrant from the investor.

Wework office

Image Credit -WeWork

Softbank’s investments in WeWork

SoftBank has been consistently investing in WeWork. It invested 2 Billion USD in the company in January. With this deal, WeWork was then valued at 47 Billion USD. However, as large as this investment may sound, it was actually much smaller than the one that SoftBank had originally planned to make. The Japanese conglomerate had initially discussed the possibility of an investment of $16 Billion but then changed its mind.

However, this smaller investment was still viewed as a big accomplishment by the team at WeWork. Mr. Artie Minson, the President of the company, said “If someone had said to me back in August, ‘Look, you’re going to raise $6 billion … and you’re going to raise it at the valuation we raised at, we would have all said that was a huge home run,” He further elaborated on this by saying “I continue to believe that transaction was a huge home run.”

Previous Post

Apple Announces the Launch of Apple TV+, News, Games and Card

Next Post

Netflix Launches Affordable Mobile Plans In India

Sourav

Sourav

Excellent story-teller, with a background in SEO and Digital Marketing. Likes to write and give form to opinion and incidents.

Related Posts

Pine Labs Founder
News

Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

June 23, 2022
Cashify Founders
News

Cashify Raises $90 Million in Series E Round Led By NewQuest & Prosus

June 23, 2022
Credavenue Yubi
News

CredAvenue Rebrands Itself to Yubi

June 24, 2022
Leadsquared founder
News

LeadSquared Turns Unicorn With $153 Million Funding From WestBridge Capital

June 21, 2022
Goblin NFT
Cryptocurrency

The World’s First NFT Derivative Startup – Bliv.Club Adopts Goblin Town NFT as its Official Mascot

June 21, 2022
Niyo Founders
News

Niyo in Talks To Bag $100-150 Million, To Also Acquire Lending Platform Smartcoin

June 20, 2022
Next Post
Netflix Stock

Netflix Launches Affordable Mobile Plans In India

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple Brands brand story Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding google Indian Crypto Startups Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Netflix NFT NFT Collection NFT India Non Fungible Tokens Ola OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad WazirX YouTube Zomato
check more news on that pages youtube converter, filme online 2022, filme porno mature, porno amatoriale, nxnxx.org, https://xvideosxnxx.org, https://xoxporn.net

Instagram

Follow Me!

Recent News

  • Christiano Ronaldo and Binance Announce NFT Partnership
  • Khaby Lame Becomes World’s Most Popular TikToker
  • Merchant Platform Pine Labs Acquires Fintech Infra Startup Setu for $70-75 Million

Latest News

images 9 17

Christiano Ronaldo and Binance Announce NFT Partnership

June 24, 2022
Khaby Lame Tiktoker

Khaby Lame Becomes World’s Most Popular TikToker

June 24, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.