WeWork, once considered a leader in coworking spaces, has experienced a downward spiral, which can be traced back to August 14, 2019. That’s when the company filed its S-1 in advance of an IPO and analysts noticed troubling year-over-year losses. According to PitchBook, WeWork reported a net loss of more than $1.9 billion in 2018—more than twice as much as the company lost in 2017 and roughly four times as much as it lost in 2016. WeWork is not alone. Female-focused coworking company, The Wing, having raised more than $100 million and boasting over 12,000 members at its peak, shut down abruptly last year after a string of controversies. More than just a cautionary tale for MBA students, these examples are an indicator of how much needs to change when it comes to professional office space. ?Read More 

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