WeWork Says It Has Paid 80% Of Rent, As SoftBank Battle Heats Up
As legal challenges mount, WeWork said it pay 80% of its rent in April and May.
As legal challenges mount, WeWork said it pay 80% of its rent in April and May.
Softbank and DreamWorks put a huge amount of space on the market.
SoftBank is finalizing a deal to invest at least $3B in co-working giant WeWork.
SoftBank has made one of the largest ever investments in a private company with $4.4B WeWork deal
Softbank wired WeWork $1.5B last week as the company strives towards turning a profit for the first time.
WeWork needs more than $7B to keep going while it is not making a profit.
Potential job cuts as WeWork cuts costs
90 days after WeWork presented a 90-day turnaround plan to investors, what has it accomplished?
WeWork plans to reduce the capacity of its shared spaces and ramp up cleaning operations to adapt to the coronavirus.
Profitability still eludes the coworking specialist.
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