'Our existing forecasts shows the company is currently burning through $2.8 billion per year,' Bernstein analysts wrote.
WeWork could run out of money as soon as next year if it keeps burning $700 million per quarter, according to analysts at Bernstein. WeWork was counting on an influx of $9 billion from its IPO and a subsequent credit line. Now that the IPO is off, that money is off the table. To be cash flow positive operationally, WeWork needs $6 billion in incremental funding, according to Bernstein. If a recession hits in the next 3 years, it will need roughly $8 billion. Read more on Business Insider.
WeWork could run out of money as soon as next year if it keeps burning $700 million per quarter, according to analysts at Bernstein. WeWork was counting on an influx of $9 billion from its IPO and a subsequent credit line. Now that the IPO is off, that money is off the table. To be cash flow positive operationally, WeWork needs $6 billion in incremental funding, according to Bernstein. If a recession hits in the next 3 years, it will need roughly $8 billion. Read more on Business Insider.
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