WeWork filed for its initial public offering on Wednesday morning, which revealed and confirmed a number of different things about the office coworking company.
In particular, the “Risk Factors” section of the document highlights many of the issues that critics of WeWork have leveled.
Everything from conflicts of interest involving CEO Adam Neumann to the unpredictable nature of the real estate market is highlighted. We break down the full list below.
Read all of BI’s WeWork coverage here.
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The office co-working company valued at $47 billion, WeWork, filed for its initial public offering on Wednesday morning.
In order to begin that process, WeWork had to publicly disclose a trove of information about itself that was previously rumored or outright unknown. The first such revelation came up front: A staggering net loss of $1.6 billion in 2018 on revenue of $1.8 billion.
But that’s far from all the filing document has to offer — a section labeled “Risk Factors” details the major issues WeWork believes it could face. We break down the most important of those potential issues below:
SEE ALSO: WeWork files for IPO, revealing spiralling losses of $1.6 billion
1. WeWork has …read more
Source:: Businessinsider – Finance