WeWork CEO Points to Uber's Losses as Example of ‘Growth Issues’
- CEO Adam Neumann tries to win over analysts in private meeting
- Startup weighs slashing valuation by more than half for IPO
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WeWork is known for losing oodles of money but that didn’t stop Chief Executive Officer Adam Neumann from poking Uber Technologies Inc. -- another company with an affinity for burning through cash.
In a private meeting with analysts this week, Neumann criticized ride-hailing companies Uber and rival Lyft Inc. for spending aggressively to fuel growth, according to a person familiar with the matter who asked not to be named because the meeting was confidential.