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That's a 99.7% decline, but still better than I thought because I was under the impression that they went bankrupt last year.
So how's it going?
Today, the 13-year-old company announced a net loss of $397 million for the second quarter on revenue of $877 million.
That good huh?
As such, WeWork went on to say its ability to continue operating is contingent upon "successful execution of management's plan to improve liquidity and profitability over the next 12 months."
"[Primetime pricing] is a bad form of price raising," said Risher. "It's particularly bad because riders hate it with a fiery passion. And so we're really trying to get rid of it, and because we've got such a good driver supply ... it's decreased significantly."
Getting rid of something because all your customers hate it. Imagine if Apple or Microsoft heard of this.