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WeWork under pressure as losses soar to $1.25B

WeWork lost $ 1.25 billion in the third quarter — up from $ 497 million in the same time period last year. The parent of the troubled-office startup also reported a surge in revenue to $ 934 million in the months following Sept. 30, the Wall Street Journal reports, citing a report to debtholders this week. The $ 1.25 billion loss falls in contrast to the $ 638 million loss posted in the second quarter. The company blamed the third-quarter

The Real Deal New York

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