A detailed report from online news site Recode takes an interesting look at how WeWork could have been destroyed in 2020 yet survived and enters 2021 with an IPO again a possibility.
WeWork has a major presence in the Triangle with operations in Raleigh and Durham.
“WeWork is on track to be profitable and revisit a public offering in the coming months. It turns out that, because people stopped spending time in offices, many companies are much more interested in flexible office space, which is WeWork’s specialty. WeWork also got a new CEO, who has built some very sensible new revenue streams that help its customers handle payroll and human resources. And when workers do go back to offices, WeWork expects many of them to return to WeWork spaces.”