“This one is going to hurt. We is going to have to shrink a lot, especially if the company ever intends to go public.”— Matt Haber, inc.com
“Sometimes you’ve got a problem and you see a clear solution. Sometimes you see a problem, and you know the solution will be messy, but there’s still a solution. There was no solution here. The seal was perfect. An umbrella had the door locked perfectly.”— Mike Ponticelli, vice.com
“WeWork’s business model continues to rely on heavy funding from private investors, namely SoftBank, which has poured over $10 billion into the company, including $2 billion this year. WeWork has to plunge cash into real estate in some of the most expensive markets and makes money back over time as c…”— Lauren Feiner, cnbc.com
“We have a global membership network that sits on top of this global physical platform that we have the opportunity to further monetize.”— Michael Gross, axios.com
“Government-backed funds in Saudi Arabia and Abu Dhabi, according to people familiar with the matter, have told SoftBank executives they have concerns about SoftBank’s negotiations to buy a majority of money-losing WeWork, whose industrial-chic workspaces and short-term leases have made it one of the…”— Liz Hoffman, Eliot Brown, Maureen Farrell, wsj.com