WeWork warns of ‘substantial doubt’ about its ability to stay in business

The next 12 months will be critical to WeWork’s ability to stay in business (PA)

WeWork is warning there is “substantial doubt” about its ability to stay in business over the next year because of its financial losses and its need for cash, among other factors.

The New York-based workspace-sharing company said its ability to stay in operation is contingent upon improving its liquidity and profitability over the next 12 months.