SEC Flags Benchmark That Obscured WeWork’s Bottom Line
PYMNTS
DECEMBER 3, 2019
The contribution margin — also used by Lyft and Peloton — ignores fixed and startup costs, and highlights core service revenue. The use of the metric raised red flags from analysts, though, and got the attention of the Securities and Exchange Commission (SEC). The SEC is now reviewing WeWork’s reporting of financials and disclosures.
54 
Let's personalize your content