WeWork Set to Have Positive Cash Flow in 2021, Chairman Tells FT
(Bloomberg) -- WeWork is on track to have positive cash flow in 2021, Executive Chairman Marcelo Claure told the Financial Times in an interview.
The company will be “a profitable venture with an incredible diversity of assets” a year from now, Claure was cited as saying. Revenue has been flat during the coronavirus crisis, he said, with strong demand for work space offset by the termination of other leases and some tenants refusing to pay rent.
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