WeWork set to see profits in 2021
Chairman of the New York-based office space sharing company WeWork, the company is set to see positive cash flow and profits in 2021, a year ahead of schedule, company chairman Marcelo Claure said in an interview with the Financial Times published Sunday. “Everybody thought WeWork was mission impossible. And now, a year from now, you are going to see WeWork to basically be a profitable venture ” Claure said
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Real estate businessman Mathrani joins WeWork as CEO
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WeWork's future uncertain amidst delayed Softbank financing talks
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Indian company Paytm received $1 billion in funding
Digital payments firm Paytm, planning to diversify into insurance, lending, stockbroking and investment, managed to acquire 1 billion USD in additional funding from investors at a 16 billion USD company valuation. Investors include Japanese company Softbank, which backed the failed WeWork office-sharing venture and recently reported its first quarterly loss in 14 years.
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