How does WeWork work, and why it is losing money

8:59 AM ET Sat, 18 May 2019

The We Company, parent company of WeWork, is the latest in a string of start-up unicorns set to go public this year. It is valued at $47 billion, but like other newly public companies such as Lyft and Uber, WeWork isn't turning a profit. Instead, it's hemorrhaging cash.