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WeWork CEO sees strong rebound for shared office space

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WeWork CEO Sandeep Mathrani told CNBC on Friday the office-sharing firm expects to see a strong recovery in demand as Covid vaccines help control the pandemic.

“There’s going to be a huge shift in coming back to work, and we’re a flex provider, so we’re completely the person who would see it first because we’re plug-and-play,” Mathrani said on “Squawk Box.” “We’re starting to see, even in New York now, new activity, so we’re pretty optimistic.”

Mathrani’s comments Friday came shortly after WeWork announced its intentions to go public through a reverse merger with BowX Acquisition Corp., a special purpose acquisition company. The deal values WeWork at $9 billion, including debt. It’s…



Source cnbc.com

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