WeWork is merging with a SPAC company. It’s no surprise after they just reported $3.2 billion in losses in 2020. In 2019 the start-up company loss $3.5 billion. One of the SPAC’s advisors in former NBA superstar Shaquile O’Neal. WeWork is seeking $1 billion in new funds and will try to go public with an evaluation of $9 billion, including debt.
Investor’s Edge with Gary Kaultbaum can be heard weekdays on MoneyTalk 1010. Gary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is the owner and president of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. Gary is the author of the book “The Investors Edge” and is also the host of a nationally syndicated radio show with the same title “Investors Edge” which is broadcast on numerous stations across the U.S. The show is also available on demand and airs live 6-7 pm EST Monday-Friday. Past shows can be heard online at garykaltbaum.com.