WeWork exits 40 U.S. locations after tepid forecast, shares slump

WeWork US is closing about 40 underperforming locations in the

A recession is going to affect WeWork's operations materially

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WeWork reported expected losses and slow sales growth in its most recent quarter

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WeWork expects fourth-quarter revenue between $870 million and $890 million, below the Wall Street target of $923.8 million

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Shares of WeWork fell 8% in morning trading. WeWork stock is down more than 70% this year

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WeWork did not specify the affected buildings

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According to the Refinitiv survey, it reported third-quarter revenue of $817 million, below market expectations of $865 million

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It currently has a market cap of around $1.77 billion

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Its pre-IPO valuation was estimated at around $50 billion

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WeWork is an office-sharing company

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WeWork US is closing about 40 underperforming locations in the

Credit by : Medium

A recession is going to affect WeWork's operations materially

Credit by : CB Insights

WeWork reported expected losses and slow sales growth in its most recent quarter

Credit by : WeWork

WeWork expects fourth-quarter revenue between $870 million and $890 million, below the Wall Street target of $923.8 million

Credit by : CB Insights

Shares of WeWork fell 8% in morning trading. WeWork stock is down more than 70% this year

Credit by : Twitter

WeWork did not specify the affected buildings

Credit by : Medium

According to the Refinitiv survey, it reported third-quarter revenue of $817 million, below market expectations of $865 million

Credit by : NBC News

Credit by : NBC News

It currently has a market cap of around $1.77 billion

Credit by : Curbed

Its pre-IPO valuation was estimated at around $50 billion

Credit by : The Economic Times

WeWork is an office-sharing company

Credit by : Fortune