Wework

World s leading co working space company wework will acquire china based rival naked hub for 400 million u. Founded in 2010 it is headquartered in new york city. Wework is deeply committed to supporting our member companies.

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Wework is an american commercial real estate company that provides shared workspaces for technology startups and services for other enterprises.

Wework. The company lost 2 6 billion in the first three quarters of 2019 against. Wework s chairman says that the company is on track to positive cash flow next year following a drastic restructuring program and a surge in demand for flexible office space. Wework s parent company is the we company. Under neumann s leadership wework raised billions of dollars scaled its coworking operations to hundreds of cities around the world and was valued at an eye popping 47 billion during one.

General view of wework weihai road flagship is seen on april 12 2018 in shanghai china. As of 2018 wework managed over 4 million square metres. Wework has been cutting costs after the failed ipo which it was counting on to fund lease obligations and other expenses. As we look ahead we re using our insights experience and real estate portfolio to provide you with solutions that help you adapt to the new normal in the workplace.