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the weed company parent company of we work is the latest in a string of startup unicorns set to go public this year its core business revolves around leasing whole buildings or parts of buildings transforming them into hip co-working spaces and then renting them out to everyone from startups and freelancers to large enterprises we work is now the single largest office tenant in New York and soft banks valued it at 47 billion dollars it was created just less than 10 years ago with the premise of creating a new way to work so these are co-working spaces where people can rent a desk for a day they can rent an office for a month and the whole idea is that there's a community behind it as well so you're not just buying desk or office space but you're buying into this new way of working but just like other newly public companies such as lyft and uber we work is not turning a profit in fact it's hemorrhaging cash leave it or not they lost more money last year than even uber did they burnt thr

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