WeWork Loses $219,000 Every Hour

Co-working space company WeWork may have a valuation of $47 billion, but the company is hemorrhaging money. WeWork reportedly lost $219,000 every hour of every day during the 12 months leading up to March 2019. According to WeWork's website, the company has 743 coworking sites, says Business Insider. WeWork has 485 offices and was in 105 cities as of the first quarter of 2019. The company has 12,000 employees and it's the largest private office tenant in Manhattan.