| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
1,626 |
| Employees |
6,000 |
| Revenues (TTM) (Millions $) |
3,358 |
| Net Income (TTM) (Millions $) |
-1,852 |
| Cash Flow (TTM) (Millions $) |
-333 |
| Capital Exp. (TTM) (Millions $) |
281 |
Business Description
WeWork Inc. is a global co-working and office space rental company that offers flexible workspace solutions for companies of all sizes. Founded in 2010 by Adam Neumann and Miguel McKelvey, WeWork has rapidly expanded, with locations in over 125 cities worldwide, as of 2021. The company's mission is to create a community and workspace that inspires people to work to their full potential.
WeWork offers a variety of workspace options, including private offices, conference rooms, dedicated desks, and hot desks. Members have access to various amenities such as high-speed internet, printing services, coffee bars, and event spaces. Moreover, they offer enterprise benefits such as workplace strategy, change management, and custom build-outs.
One of the reasons behind WeWork's success is its emphasis on creating a sense of community among its members. The company organizes many events, both professional and social, that aim to connect members with each other, such as expert panels, workshops, and happy hours.
The company's target demographic mainly consists of freelancers, remote workers, small startups, and large enterprises seeking flexible and affordable workspaces. WeWork has also partnered with corporations, universities, and governments worldwide to provide tailored office space solutions.
WeWork has faced various controversies, including a failed initial public offering in 2019, that led to the resignation of the company's co-founder Neumann. Furthermore, the company has been scrutinized for its high valuation and business model, which is reliant on long-term leases and short-term subleases. Despite this, WeWork continues to operate and has remained successful in providing workspace solutions in over 100 different countries.
Company Address: 12 East 49th Street, 3rd floor New York 10017 NY
Company Phone Number: 389-3922 Stock Exchange / Ticker: NYSE WE
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