WeWork Chairman Confirms Positive Cash Flow Is Due in 2021, Year Ahead of Schedule

WeWork has experienced a rather turbulent period but now it is expected that already in 2021 it will start getting profits. WeWork Chairman Marcelo Claure has told the Financial Times in an interview published on Sunday that the company will begin to have a positive cash flow starting in 2021, almost a year ahead of schedule. The co-working space company had initially set this profitability target for 2021 ending following increased demand for its office workspace during the coronavirus pandemic. Before the ascension of Marcelo, WeWork had been plunged into a deep financial turmoil by the former Chairman and Co-founder Adam Neumann who...