The Traderszone Network

Published in TZ Latest News 10 August, 2016 by The TZ Newswire Staff

WeWork’s co-living venture faces unexpected obstacles

WeWork is putting the brakes on its WeLive co-living platform amid higher than expected build-out costs. The company currently operates two WeLive locations and disclosed plans for a third – a far cry from initial projections. In a leaked 2014 investor pitch, WeWork claimed it would open 14 locations by the end of 2016, and that those locations would account for 12 percent of the company’s revenue, the Wall Street Journal reported. Sources told the … [more]

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