Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
Remember - they have to IPO or they default on a shit-ton of loans.
- The steps are widely being viewed as an effort to get the company back on track for an IPO, though it remains unclear when a public offering would take place.
According to the WSJ, WeWork had $2.5b in cash as of June 30 (its own travesty). WeWork burns $700m a quarter. And WeWork has to keep $500m cash-on-hand or it defaults on bonds it sold last year. So it's gonna be straight-up outta money oh, March-ish.
That G650 they're gonna sell?
Yeah they burn through one of those a week.