, Columnist
WeWork Doesn't Need the Gulfstream Anymore
Cost cutting and a capital-light rental model should help the office-space provider reduce its epic cash burn.
Different needs.
Photo: Bloomberg
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When WeWork tried (and failed) to sell shares to the public in 2019, it talked about wanting to “elevate the world’s consciousness.” Now, as it tries to go public for a second time — on this occasion by merging with a special purpose acquisition company, BowX Acquisition Corp. — WeWork has more prosaic ambitions. These boil down: Don’t lose piles of money.
A more financially prudent WeWork can only be a good thing.