WeWork raises $4.4 *billion* to continue its worldwide expansion

Co-working is a multi-multi-multi-billion-dollar business, evidently.

WeWork, the company behind co-working spaces throughout the world, just raised $4.4 billion—yes, billion—in a funding round from SoftBank. 

WeWork launched in 2010 and is one of the biggest private tech companies in the world. Critics, however, question whether co-working is really worth $20 billion. The company rents out office spaces around the world and then re-rents it to small startups or freelancers who don’t have or want their own offices. 

Before this massive funding round, WeWork had raised $1.4 billion. Rumors that WeWork could bring on this much funding started spreading in February.  Read more…

More about Wework, Softbank, Gig Economy, Business, and Sharing Economy

http://blog.webhits.io/wework-raises-4-4-billion-to-continue-its-worldwide-expansion/
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