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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%)
Job Openings2
Website Visits (Apr 2020)705 k(-40%)
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

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 Hiring Categories

WeWork Website Traffic

Alexa Website Rank

Total Visits per monthSimilarWeb

WeWork Online and Social Media Presence

Twitter followers

114.54 k Twitter followers

6 Months

WeWork has 114.54 k Twitter Followers. The number of followers has increased 0.19% month over month and increased 0.98% quarter over quarter.

WeWork's Trends

Search term - WeWork

Twitter Engagement Stats for @WeWork

  • 34.96 k

    Tweets

  • 913

    Following

  • 114.54 k

    Followers

  • 101

    Tweets last 30 days

  • 10.8

    Avg. likes per Tweet

  • 94.06%

    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

    72/100

  • CEO Rating

    B-

    70/100

  • Compensation

    C

    61/100

  • Diversity

    B

    71/100

Learn more on Comparably

WeWork News and Updates

Aug 18, 2020
KDM Engineering receives $10,000 WeWork Grant; donates funds to support more diversity in engineering
CHICAGO, Aug. 18, 2020 /PRNewswire/ -- KDM Engineering is the proud recipient of a 2020 WeWork Black-owned business grant. A fierce supporter of women and minorities in STEM, KDM's President and Founder Kimberly Moore will use the $10,000 grant to further support efforts to bring more...
Aug 14, 2020
WeWork secures $1.1b from SoftBank after slashing cash burn
_3xOCqWeWork recorded US$882 million in revenue for the second quarter, ending the period with US$4.1 billion in cash and unfunded cash commitments.
Aug 13, 2020
SoftBank Commits $1.1 Billion to WeWork Amid Membership Drop
_3xOCqSoftBank is adding $1.1 billion to its WeWork commitment as the co-working company weathers declining membership.
Aug 10, 2020
China WeWork rival Ucommune puts brakes on US IPO, plans backdoor listing
_3xOCqThe shared-office model has been disrupted both by the Covid-19 pandemic and the public collapse of WeWork.
Aug 05, 2020
WeWork Gives Members Global Access During Pandemic Disruption
_3xOCqShared offices around the world emptied out as the number of coronavirus cases skyrocketed earlier this year.
Jul 28, 2020
WeWork is turning to big brokerages like CBRE and JLL to help it find customers. It's a huge strategy shift that shows how hard office space is to fill right now.
_3xOCq WeWork has hired JLL and CBRE to market large availabilities it has in New York City and Los Angeles, respectively. The flexible-workspace giant said it is now embracing the brokerage industry and plans to hire firms to help it fill millions of square feet in major cities across the country.  Leasing office space has become more difficult as the coronavirus pandemic continues to stall deals and tenants remain uncertain when most employees will return to the workplace. WeWork's decision to tap major brokerages is a turnabout from its past strategy of leasing space on its own.   Visit Business Insider's homepage for more stories. Faced with large vacancies in its sprawling portfolio of office space across the country, WeWork has turned to major commercial real-estate brokerage companies to help it fill millions of square feet of space. The move to hire outside firms to address its vacancies is a turnabout for the flexible-workspace company that comes as the coronavirus crisis has battered the country's office market, stalling leasing activity and clouding the questions of when and how tenants will return to the workplace. In the latest sign of uncertainty for the office sector, Google, on Monday, revealed it will not ask its 200,000 employees to return to the workplace until midway through next year. In New York City, the flexible-workspace company's largest market with almost 9 million square feet, WeWork has enlisted the real-estate services firm JLL to market and lease big openings, including spaces at the office buildings 620 Avenue of the Americas, 437 Madison Avenue, 199 Water Street, and other locations. It has tapped CBRE to lease another list of available spaces in Los Angeles, and a top sales executive at WeWork said it is planning to hire major brokerage firms to deal with other vacancies in its portfolio. Read More: 20% of WeWork's New York space is sitting empty. Here's a look at key vacancies the city's biggest office tenant is trying to fill. "As we went through the beginning of the year, Sandeep talked through what WeWork was going to look like in the coming years and what became apparent was that our relationship with these large brokerages was something we wanted to lean into," Nick Worswick, WeWork's chief sales officer, told Business Insider, referring to WeWork's chief executive Sandeep Mathrani. It's common practice for large landlords in cities across the country to hire real estate services firms to handle the process of marketing and negotiating leases for major office availabilities. WeWork, however, had largely eschewed that practice, seeking to leverage its brand, suite of amenities, and huge portfolio to draw in tenants and strike deals on its own. Read More: WeWork is leasing a big new office in Jersey City to house the headquarters of a planned spin-off from pharma giant Merck. Here's how the deal will work, and why it's a big win for the struggling coworking giant. "There's no question the supply is increasing and there's no question that demand is slowing down, but in places like New York City, there's always tenants in the market," said Peter Riguardi, the Tri-state area president and chairman of JLL, who is leading a brokerage team from the company that is assisting WeWork with several availabilities in the city. JLL was hired to help WeWork fill: 620 Avenue of the Americas, where it has over 200,000 square feet available in January. 437 Madison Avenue, where it has 360,000 square feet available in January. 199 Water Street, where it has been advertising roughly 66,000 square feet. 368 Ninth Avenue, where WeWork has nearly 260,000 square feet. 205 Hudson Street, where WeWork occupies nearly 100,000 square feet. 500 7th Avenue, where WeWork has 250,000 square feet. 980 Sixth Avenue, where WeWork has about 75,000 square feet. A WeWork spokeswoman said the company will hire one or more brokerage firms to help it with at least 4 other locations in New York that it has not yet specified. In Los Angeles WeWork hired CBRE to market: 700 and 750 N. San Vicente Boulevard. 811 W. 7th Street. 1031 S. Broadway. 5750 Wilshire Courtyard. According to a real-estate brokerage executive familiar with WeWork's leasing plans, it is shopping for brokerage firms to help it lease space in other markets as well, including Boston, Seattle, and Miami. "We have worked with brokerage firms selectively in the past, but we have never done it at this scale," Worswick said. "Part of the reason we're doing more of it is we have more space than we did prior." As Business Insider previously reported, WeWork has recently been advertising almost 2 million square feet of vacancy in its New York portfolio, more than 20% of the space. That availability rate, which factors in present and pending availability, far outstrips the 12.1% rate across Manhattan, according to recent CBRE data. Worswick said that just as Covid had dealt a blow to the country's office market, it could give a boost to flexible-office space providers. Among the reasons he gave was that tenants would seek out the fluid terms that WeWork offers rather than commit to long term leases as they remain uncertain about the post-Covid workplace and economy. "If you look at the 10 year lease market, almost any company that was about to sign since March didn't," Worswick said. "There's a need to preserve optionality so you can make smart decisions about where your people are going to go during and after Covid and we think we're uniquely positioned to provide that." Have a tip? Contact Daniel Geiger at dgeiger@businessinsider.com or via encrypted messaging app Signal at +1 (646) 352-2884, or Twitter DM at @dangeiger79. You can also contact Business Insider securely via SecureDrop. SEE ALSO: 20% of WeWork's New York space is sitting empty. Here's a look at key vacancies the city's biggest office tenant is trying to fill. SEE ALSO: IBM is ditching a big WeWork office in NYC, revealing the risks of the popular flex-space model as the pandemic prompts Blue Chip companies to rethink real estate SEE ALSO: WeWork is leasing a big new office in Jersey City to house the headquarters of a planned spin-off from pharma giant Merck. Here's how the deal will work, and why it's a big win for the struggling coworking giant. Join the conversation about this story » NOW WATCH: Why you don't see brilliantly blue fireworks

WeWork Blogs

Sept 25, 2019
How your food choices can help reverse climate change
Make these four small changes to eat better for the planet The post How your food choices can help reverse climate change appeared first on Ideas.
Sept 25, 2019
Five expert tips for surviving long-distance business travel
A frequent traveler explains why you shouldn’t work on the plane The post Five expert tips for surviving long-distance business travel appeared first on Ideas.
Sept 23, 2019
How to work with people based on their astrological sign
Need a pep talk? Ask an Aries—and other cosmic insights about your colleagues The post How to work with people based on their astrological sign appeared first on Ideas.
Sept 23, 2019
How to describe your company culture
A company’s mission, values, ethics, and environment all play into its culture The post How to describe your company culture appeared first on Ideas.
Sept 20, 2019
After 11 years in the U.S., WeWork brought this community associate home to Mexico
Jose Carillo built a life in San Francisco, but pined for home The post After 11 years in the U.S., WeWork brought this community associate home to Mexico appeared first on Ideas.
Sept 20, 2019
The WeWork guide to São Paulo
Find your way in chaotic São Paulo, a city of 12 million people, through restaurants, cafés, parks, museums, and more The post The WeWork guide to São Paulo 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 Sebastian Gunningham, Sandeep Mathrani and Joanna Lee.
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 IWG, LiquidSpace and CBRE.
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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