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WeWork reassures investors it has enough cash to weather coronavirus

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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…



Source cnbc.com

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