WeWork urges investors to see losses as 'investments' ahead of its IPO
and uncertain path to profitability. Uber sold shares at the low end of its expected range last week and the stock is still trading well below its debut price.When asked if he was trying to differentiate WeWork's losses from the capital the ride-hailing companies spend on subsidies and discounts, Minson said, "that's a fair differentiator." Renting out work space is "a proven business model," he said. Memberships climbed to 466,000 from 220,000 a year earlier.
Still, WeWork's model continues to rely on heavy funding from private investors, namely SoftBank, which has poured over $10 billion into the company, including $2 billion this year at a $47 billion valuation. WeWork has to plunge cash into real estate in some of the most expensive markets and it makes money back over time as companies and individuals pay their rent, or membership.
But the public markets like to see profits when they're asked to pay such a high price. When Uber went public, it became
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Uber IPO: 5 things you need to know about the biggest IPO in yearsUber Technologies Inc. moved a step closer to a mammoth initial public offering on Friday.
Lire la suite »
Questions Persist About About Uber’s Profits—And Its Stocks Fall FurtherWhen the market closed, Uber shares were trading well below the original IPO price.
Lire la suite »
Uber IPO: Inside The 2008 Pitch That Birthed An $80 Billion Startup \nIts best-case scenario was $1 billion in revenue and next steps were to raise a few million. Uber's 2008 pitch deck shows just how much Uber has grown since its initial vision as a competitor to taxis.
Lire la suite »
Uber IPO: Inside The 2008 Pitch That Birthed An $80 Billion Startup \nIts best-case scenario was $1 billion in revenue and next steps were to raise a few million. Uber's 2008 pitch deck shows just how much Uber has grown since its initial vision as a competitor to taxis.
Lire la suite »
The Uber IPO Makes A Trio Of Winners Even RicherUber’s trio of winners — Travis Kalanick, Garrett Camp and Ryan Graves— are the individuals reaping the biggest payouts from the IPO, even though they no longer run the company.
Lire la suite »
Uber begins trading nearly 7% below its IPO priceNEW YORK (AP) — Uber began trading as a public company at $42 per share Friday, nearly 7% below its initial public offering price on an already volatile day for the markets. The ride-hailing...
Lire la suite »
Uber underwriters worried about the IPO deployed unusual 'naked short' tactic to support the stockUber underwriters deployed an unusual tactic, known as a 'naked short,' to provide extra support for the stock ahead of the IPO, four people with knowledge of the move said
Lire la suite »
Uber drivers' strike takes off in front of company headquarters ahead of $90 billion IPORideshare drivers across the world are boycotting Uber for as long as 24 hours today, demanding fare increases and lower commissions paid to Uber.
Lire la suite »
The Uber IPO Makes A Trio Of Winners Even RicherUber’s trio of winners — Travis Kalanick, Garrett Camp and Ryan Graves— are the individuals reaping the biggest payouts from the IPO, even though they no longer run the company.
Lire la suite »
The Uber IPO Makes A Trio Of Winners Even RicherUber’s trio of winners — Travis Kalanick, Garrett Camp and Ryan Graves— are the individuals reaping the biggest payouts from the IPO, even though they no longer run the company.
Lire la suite »
Los Angeles Uber drivers join cities across the U.S. in strike ahead of much-anticipated IPO“Gig workers have no sort of protections that labor rights activists had fought years for . . . And I think it's going to be left up to legislators to step in.” Uber drivers across at least 10 U.S. cities strike days before Uber is slated to go public.
Lire la suite »