SEC Flags Benchmark That Obscured WeWork’s Bottom Line
PYMNTS
DECEMBER 3, 2019
The We Company , the parent of WeWork , uses a cash-flow metric called the “contribution margin,” which showed that its core services were profitable, Bloomberg Tax reported on Tuesday (Dec. billion net loss into a $142 million profit. Yet, for WeWork, it was the primary measure of profitability, Pozen said.
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