WeWork Says Virus Will Hamper Ability to Hit 2020 Targets

WeWork says it doesn’t expect to hit its 2020 financial targets as it grapples with the coronavirus outbreak.

The impact of the virus “will likely have a negative impact” on the company, including on forward-looking information that it previously disclosed, Chief Executive Officer Sandeep Mathrani and Executive Chairman Marcelo Claure wrote in a letter to bondholders on Thursday that was obtained by Bloomberg.