WeWork's third quarter earnings reflect the rapid growth ousted CEO Adam Neumann planned
WeWork added a record number of desks in the third quarter, showcasing ousted CEO Adam Neumann's high-growth strategy, per an earnings presentation reviewed by Business Insider. Companies with more than 500 employees continue to make up a bigger share of WeWork's overall member base, a major focus for the company's new leadership. Overall, the company lost $1.3 billion in the third quarter, compared with $500 million in the third quarter of 2018.
WeWork added a record number of desks in the third quarter, showcasing ousted CEO Adam Neumann's high-growth strategy, per an earnings presentation reviewed by Business Insider. Companies with more than 500 employees continue to make up a bigger share of WeWork's overall member base, a major focus for the company's new leadership. Overall, the company lost $1.3 billion in the third quarter, compared with $500 million in the third quarter of 2018.
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