WeWork Working in Rising Debt

WeWork, a startup that provides shared office spaces, is both sinking and sailing, reports The Wall Street Journal. Although the company has nearly doubled its revenue and memberships annually, its losses are also doubling due to construction costs. WeWork owes $18 billion in rent and is seeking to raise $500 million in debt by turning to the corporate bond market for the first time. Meanwhile, other high-profile, thriving companies like Uber and Netflix are also accumulating debt. Uber made a $1.5 billion debt deal, according to Bloomberg, and Netflix plans to raise $1.5 billion in debt, according to Reuters.

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