WeWork is getting a lot bigger, but so are its losses

Photo by Jackal Pan/VCG via Getty Images

WeWork saw its revenue, losses and membership grow substantially in the second quarter of 2018, according to an investor presentation provided by the company. It also disclosed that it has struck a large new investment agreement with SoftBank.

Bottom line: The co-working company continues to move toward a 2019 IPO.

Exclusive: WeWork hires ex-Salesforce exec to redesign others' offices

WeWork office. Photo: MANDEL NGAN/AFP/Getty Images

WeWork has hired ex-Salesforce and AppDynamics exec Kendall Collins to oversee its technology it continues to grow its “Powered by We” business, through which it helps companies redesign and even manage their offices.

Why it matters: WeWork's business model has long been in question, especially as its valuation rose to $20 billion last year. The company has been diversifying its revenue streams by signing up large companies as multi-year customers, and now by offering services in their offices.