WeWork nabbed a fresh $1.1 billion in financing from SoftBank as the coworking giant's membership dropped

WeWork nabbed a fresh $1.1 billion in financing from SoftBank as the coworking giant's membership dropped

Business Insider

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· WeWork's membership dropped by 81,000 in the second quarter, per financial information sent to employees on Thursday. 
· The company's revenue increased 9% year-on-year to $882 million.
· SoftBank extended another $1.1 billion in debt financing in the second quarter, giving WeWork $4.1 billion in cash and unfunded cash...

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