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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You’ve spoken and we’ve listened! We are excited to announce that the same great knowledge platform that you have come use and love over the years will be going through a rebrand and an upgrade. We believe that all good things don’t come to an end, but only evolve to be better. WikiOmni will now officially be called Knowpia. Please make sure your access is now directed to KNOWPIA.COM from all of your devices. In an effort to enhance the overall user experience, over the course of the next few months you will see a new and improved design layout with value-added features and advancements in functionality. Through extensive research & development, we know you will be happy with the new direction that we are taking to continue our vision to assemble the world’s largest platform of knowledge contributors. We thank you for taking this incredible journey with us!