Office-sharing firm WeWork reports smaller quarterly loss -Breaking
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© Reuters. FILEPHOTO: A window in London’s office building shows the logo of WeWork (a company controlled by Japan’s SoftBank Group Corp). It was taken on July 3, 2020. REUTERS/Simon Newman/File Photo(Reuters) – WeWork Inc, a office sharing company posted a lower third quarter loss Monday due to a rise in demand for office spaces.
WeWork’s first quarter report, since it went public last month reported that the net loss for its third quarter was $844.3 Million. This compares to a loss in September of $999.5 millions a year ago.
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