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WeWork Summary

Overview

WeWork (also known as The We Company) is a provider of shared workspaces for technology startup subculture communities, and services for entrepreneurs, freelancers, startups, small businesses, and large enterprises. The company offers office space with facilities and services like high-speed internet, printers, free refreshments, and private phone booths, enabling startups, entrepreneurs and small businesses to collaborate and share experiences.

TypePrivate
Founded2010
HQNew York, NY, USMap
Websitewework.com
Employee Ratings
3.3
More
Overall CultureBMore

Locations

WeWork is headquartered in
New York, United States

Location Map

Latest Updates

Company Growth (employees)

Employees (est.) (Nov 2019)10,100(-19%)
Website Visits (May 2021)1 m(-2%)
Revenue (FY, 2018)$1.8 B(+106%)
Cybersecurity ratingDMore

Key People/Management at WeWork

WeWork Office Locations

WeWork has offices in New York, Shanghai and London

WeWork Financials and Metrics

Summary Metrics

Founding Date

2010

WeWork total Funding

$13.8 b

WeWork latest funding size

$5 b

Time since last funding

2 years ago

WeWork investors

Goldman Sachs, DAG Ventures, Benchmark, T. Rowe Price, Wellington Management, Fidelity Investments, Glade Brook Capital Partners, Hony Capital, JP Morgan Chase & Co, Harvard Management Company, Primary Venture Partners, Aleph, Softbank, SoftBank Group, Alpha JWC Ventures, Syren Capital Advisors, Legend Holdings, JP Morgan Chase & Co., Masayoshi Son, SoftBank Group Corp, Catalyst Ventures, StraightPath Venture Partners

WeWork's latest funding round in October 2019 was reported to be $5 b. In total, WeWork has raised $13.8 b.

WeWork's revenue was reported to be $1.82 b in FY, 2018 which is a 105.6% increase from the previous period.

USD

Revenue (Q3, 2019)$934 m
Net income (Q3, 2019)($1.25 b)
Cash (30-Jun-2019)$2.47 b

USDFY, 2016FY, 2017FY, 2018
Revenue436.1 m886 m1.8 b
Revenue growth, %103%106%
Sales and marketing expense43.4 m143.4 m378.7 m
General and administrative expense115.3 m454 m357.5 m
USDQ1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019
Revenue163 m198.3 m241.1 m283.3 m342.2 m421.6 m482.3 m575.7 m728.3 m807.1 m934 m
Sales and marketing expense23.7 m41.2 m59.8 m62.8 m77.1 m109.6 m129.3 m151 m169 m
General and administrative expense46 m52.7 m318.8 m78.2 m77.1 m90.7 m111.5 m218.5 m171.4 m
R&D expense19.5 m26.9 m46.1 m58.7 m115.4 m118.5 m184.7 m141.8 m227.9 m
show all

USDFY, 2016FY, 2017FY, 2018
Cash506.6 m2 b1.7 b
Accounts Receivable18 m35.6 m99.5 m
Current Assets621.4 m2.4 b2.5 b
PP&E1.5 b2.3 b4.4 b
USDQ2, 2019
Cash2.5 b
Accounts Receivable181 m
Current Assets3 b
PP&E6.7 b
show all

USDFY, 2016FY, 2017FY, 2018
Net Income(429.7 m)(933.5 m)(1.9 b)
Depreciation and Amortization89 m162.9 m313.5 m
Accounts Receivable(13.9 m)(22.1 m)(69.4 m)
Accounts Payable12.9 m96.4 m147.6 m
USDQ2, 2019
Net Income(904.7 m)
Depreciation and Amortization255.9 m
Accounts Receivable(83.3 m)
Accounts Payable112.5 m
show all

Revenue Breakdown

WeWork revenue breakdown by business segment: 93.2% from Membership and Service Revenue and 6.8% from Other

WeWork revenue breakdown by geographic segment: 20.5% from Other foreign countries, 5.5% from Greater China, 15.1% from United Kingdom and 58.9% from United States

WeWork Operating Metrics

WeWork's Active Cities (South America) was reported to be 11 in May, 2020.

FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016May, 2017Q2, 2017Jul, 2017Sep, 2017Q3, 2017FY, 2017Feb, 2018Mar, 2018Q1, 2018Apr, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019May, 2020
Members4502 k4 k5 k15 k40 k87 k128 k154 k186 k219 k268 k319 k401 k466 k527 k
Active Cities123381634496571100111121
Locations272352111140156164200230234287425528838
Backlog$100 m$500 m$2.6 b$3.5 b$4 b

WeWork Acquisitions / Subsidiaries

Company NameDateDeal Size
SpaceIQAugust 30, 2019
Spacious TechnologiesAugust 27, 2019
WaltzJune 25, 2019
TeemSeptember 12, 2018$100 m
MissionUMay 17, 2018
Naked HubApril 12, 2018$400 m
ConductorMarch 06, 2018
MeetupNovember 28, 2017$30 m
Flatiron SchoolOctober 23, 2017
UnomyAugust 11, 2017

WeWork Cybersecurity Score

Cybersecurity ratingPremium dataset

D

63/100

SecurityScorecard logo

WeWork Website Traffic

Alexa Website Rank

Total Visits per monthSimilarWeb

WeWork Online and Social Media Presence

Twitter followers

112.49 k Twitter followers

6 Months

WeWork has 112.49 k Twitter Followers. The number of followers has increased 0.25% month over month and increased 0.38% quarter over quarter.

WeWork's Trends

Search term - WeWork

Twitter Engagement Stats for @WeWork

  • 36.75 k

    Tweets

  • 836

    Following

  • 112.49 k

    Followers

  • 204

    Tweets last 30 days

  • 2.8

    Avg. likes per Tweet

  • 90.7%

    Tweets with engagement

WeWork Technology StackBuildWith Logo

  • ads

    42 products used

    • adingo
    • Adobe Audience Manager Sync
    • AdRoll
      • Advertising.com
      • AppNexus
      • AppNexus Segment Pixel
      • Beeswax
      • Bizo
      • BlueKai
      • BlueKai DMP
      • BrightRoll
      • Criteo
      • DemDex
      • DialogTech
      • DoubleClick Bid Manager
      • DoubleClick.Net
      • eXelate
      • Eyeota
      • Facebook Custom Audiences
      • Geniee
      • Google Floodlight Counter
      • Google Remarketing
      • Index Exchange
      • IponWeb BidSwitch
      • LinkedIn Ads
      • LiveRail
      • Media.net
      • Openads/OpenX
      • Pubmatic
      • RhythmOne
      • Rocket Fuel
      • Rubicon Project
      • SiteScout
      • Smartclip
      • SpotXchange
      • StickyAds TV
      • Taboola
      • Tapad
      • Teads
      • Twitter Ads
      • X Plus One
      • Yahoo Small Business
  • analytics

    60 products used

    • Acxiom
    • Bing Conversion Tracking
    • Bing Universal Event Tracking
      • Bizo Insights
      • Bombora
      • Chartbeat
      • Clicky
      • comScore
      • CrazyEgg
      • Datalogix
      • DataXu
      • Demandbase
      • DoubleClick Floodlight
      • Everest Technologies
      • Facebook Conversion Tracking
      • Facebook Domain Insights
      • Facebook Pixel
      • Facebook Signal
      • Facebook Tag API
      • Fastly
      • Global Site Tag
      • Google AdWords Conversion
      • Google Analytics
      • Google Analytics Enhanced Link Attribution
      • Google Analytics with Ad Tracking
      • Google Conversion Linker
      • Google Conversion Tracking
      • Google Universal Analytics
      • Heap
      • Hotjar
      • Inspectlet
      • IXI Digital
      • KISSmetrics
      • Krux Digital
      • Lead Forensics
      • LinkedIn Insights
      • LiveRamp
      • Logentries
      • Lotame Crowd Control
      • MediaMath
      • MediaMind
      • Microsoft Adcenter
      • Mixpanel
      • Naver Analytics
      • New Relic
      • NS8
      • Optimizely
      • Pardot
      • Pingdom RUM
      • Pmetrics
      • Rapleaf
      • Segment
      • Signal
      • Soasta mPulse
      • Twitter Analytics
      • Twitter Conversion Tracking
      • Twitter Website Universal Tag
      • Visual IQ
      • Visual Website Optimizer
      • Yandex Metrika
  • CDN

    10 products used

    • AJAX Libraries API
    • Akamai
    • CDN JS
      • Cloudflare
      • CloudFront
      • Cloudinary
      • Content Delivery Network
      • GStatic Google Static Content
      • Twitter CDN
      • Vimeo CDN
  • cdns

    1 product used

    • Amazon CloudFront
Learn more on BuiltWith

WeWork Company CultureCultureAndCompensation Logo

  • Overall Culture

    B

    81/100

  • CEO Rating

    B

    75/100

  • Compensation

    B+

    82/100

Learn more on Comparably

WeWork News and Updates

Jun 09, 2021
Global Coworking Space Market Report 2021-2030: Major Players are Wework, Regus, Mix Pace, Knotel, SimplyWork, District Cowork, Premier Workspaces, Krspace, Convene and Servcorp
DUBLIN, June 9, 2021 /PRNewswire/ -- The "Coworking Space Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com's offering. This report focuses on the coworking spaces market which is experiencing strong growth. The report gives a...
May 31, 2021
WeWork and SoftBank announce new venture fund in Latin America
_3xOCqLatamList – WeWork, the work space provider, and SoftBank Latin America Fund, the largest venture fund in the… The post WeWork and SoftBank announce new venture fund in Latin America appeared first on LatamList.
May 28, 2021
Neumann’s WeWork exit package increases with $245m in potential stock
_3xOCqFormer WeWork boss Adam Neumann is set to emerge from his separation with the company with an extra stock award The post Neumann’s WeWork exit package increases with $245m in potential stock appeared first on CityAM.
May 21, 2021
WeWork lost $2 billion in a quarter and 200,0000 members in a pandemic-hit year, it said ahead of its stock market debut
_3xOCq Summary List Placement Office-sharing startup WeWork on Thursday reported that it had lost $2.06 billion in the first quarter of 2021, and more than a quarter of its members over the past year. The co-working company was hit hard by the coronavirus pandemic as more people worked from home and avoided shared offices. WeWork's quarterly revenues fell almost 50% compared to the first quarter of 2020, from $1.1 billion to $598 million, according to its results for the quarter ending March 31. WeWork said restructuring costs were $494 million, an increase from $56 million in the first quarter of 2020. This was driven by Japanese tech giant SoftBank's stock purchases, and a settlement with former CEO Adam Neumann, who stepped down in 2019. Neumann could reap $500 million in cash from the settlement and remain a shareholder of the company, the Wall Street Journal first reported in February. Total occupancy of WeWork office spaces stepped up to 50% in the first quarter compared to 47% in the fourth quarter of 2021, the firm said. WeWork also saw a drop in membership by 200,000 people between March 2020 and March 2021. The company had 490,000 members in the first quarter, compared to 693,000 members in March 2020, according to the results. The results come ahead of WeWork's public listing through a merger with BowX Acquisition Corp, a special purpose acquisition company (SPAC), later this year. The deal could value it at $9 billion.Join the conversation about this story » NOW WATCH: July 15 is Tax Day — here's what it's like to do your own taxes for the very first time
May 21, 2021
WeWork posts £1.45bn loss ahead of stock market debut
_3xOCqWeWork today posted a £1.45bn first quarter loss as the office-sharing startup prepares for its stock market debut. The company, The post WeWork posts £1.45bn loss ahead of stock market debut appeared first on CityAM.
May 20, 2021
: WeWork loses $2.1 billion in a quarter
_3xOCqWeWork, the flexible office space company, said in the extended session Thursday that it lost more than $2 billion in its first quarter. The company reported a net loss of $2.06 billion on revenue of $598 million. Occupancy rose to 50% from 47% in the fourth quarter, WeWork said. “WeWork continued to see encouraging signs of recovery with sales activity, a critical indicator of future revenue, ramping over the first quarter, as the company achieved gross desk sales of 24k in January, 25k in February, and 38k in March,” the company said in a statement. The company said it finished the quarter with $2.2 billion in cash and unfunded cash commitments. . Back in March WeWork announced it would go public via a merger with BowX Acquisition Corp. BOWX and get $1.3 billion, a year and a half after WeWork postponed its own IPO plans. BowX shares rose 1.8% after hours, following a 2.5% rise to close the regular session at $13.16.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

WeWork Blogs

Oct 04, 2019
Is this a photo—or a rendering?
WeWork’s in-house 3D-rendering studio innovates in order to create beautiful renderings that tell the stories of our spaces The post Is this a photo—or a rendering? appeared first on Ideas.
Oct 04, 2019
11 vibrant offices that bring the outdoors inside
Research shows that indoor plants and greenery can help improve employee productivity and wellbeing The post 11 vibrant offices that bring the outdoors inside appeared first on Ideas.
Oct 04, 2019
WeWork Dock 72 floats atop the Brooklyn Navy Yard’s storied past
The site that launched some of America’s most innovative ships becomes home to entrepreneurs and enterprises The post WeWork Dock 72 floats atop the Brooklyn Navy Yard’s storied past appeared first on Ideas.
Oct 04, 2019
WeWork’s new India HQ blends office design with local culture
Employees and members enjoy shared amenities including a library, café, and sunlit atrium The post WeWork’s new India HQ blends office design with local culture appeared first on Ideas.
Oct 02, 2019
Is your workspace going to deliver maximum value?
Ask yourself these six questions before signing on the dotted line The post Is your workspace going to deliver maximum value? appeared first on Ideas.
Oct 01, 2019
What Pinterest’s Meredith Guerriero does all day
She travels weekly, works from home on Fridays, and emphasizes transparency at the office The post What Pinterest’s Meredith Guerriero does all day appeared first on Ideas.

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When was WeWork founded?
WeWork was founded in 2010.
Who are WeWork key executives?
WeWork's key executives are Sandeep Mathrani, Jen Berrent and Shyam Gidumal.
How many employees does WeWork have?
WeWork has 10,100 employees.
What is WeWork revenue?
Latest WeWork annual revenue is $1.82 b.
What is WeWork revenue per employee?
Latest WeWork revenue per employee is $351.07 k.
Who are WeWork competitors?
Competitors of WeWork include Real Time Acquisition, IWG and LiquidSpace.
Where is WeWork headquarters?
WeWork headquarters is located at 115 W 18th St, New York.
Where are WeWork offices?
WeWork has offices in New York, Shanghai and London
How many offices does WeWork have?
WeWork has 3 offices.

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