WeWork’s going concern warning is a reminder that VC and low-margin business don’t mix

There’s no point in being rude to WeWork at this juncture. The company’s market cap has fallen to around $130 million, it has billions of dollars in debt, and it said recently that it may struggle to stay in business as its cash balance dwindles. WeWork sees several avenues to right the ship before it runs out of cash: reduce rent and tenancy costs, limit user churn, reduce its overall cost basis and raise new capital.
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