WeWork Could Run Out Of Cash By Next Month, Seeks Immediate Bailout | WHAT REALLY HAPPENED

WeWork Could Run Out Of Cash By Next Month, Seeks Immediate Bailout

Investment banks behind WeWork are panicking as it seems a bailout of the company could be imminent, reported Financial Times.

Sources told FT that "fundraising efforts" are currently underway as the company's cash is about to be depleted.

We noted last month that the company lost $690 million in the first six months of the year and is expected to generate a loss from operations approaching $3 billion as it burns through tens of millions in cash daily. Analyst estimate that the company could run out of money by mid-2020.

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