The Traderszone Network

Published in TZ Latest News 15 July, 2016 by The TZ Newswire Staff

WeWork slashes profit forecast by 78%, bemoans firm’s “spending culture”: report

WeWork cut its profit projections earlier this year by a whopping 78 percent, according to a leaked document that the company claims was “stolen.” Bloomberg reported Friday on the April document, which shows the co-working and co-living company cut its 2016 profit projection to $14 million from $65 million, and its revenue projection by 14 percent to $532 million from $620 million.

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