Real Estate

WeWork reassures investors it has enough cash to weather coronavirus


WeWork Executive Chairman Marcelo Claure during an interview with Andrew Ross Sorkin at WeWork headquarters in New York City on February 10, 2020.

David A. Grogan | CNBC

WeWork is telling investors it has enough cash on hand to execute its long-term plans and weather the near-term challenges posed by COVID-19. 

In a seven-slide deck for investors, WeWork said it had $4.4 billion in cash and cash equivalents as of the end of 2019. The company is expected to release full-year financial results after the market closes on Thursday. 

In a letter obtained by CNBC, WeWork’s executive chairman, Marcelo Claure, and CEO, Sandeep Mathrani, say that the company “has a strategic plan and a sound…


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