WeWork’s Marcelo Claure Lays Out Profitability Plan

Marcelo Claure said WeWork’s new plan for profitability makes the firm a good investment for SoftBank, but investors still have questions. During an interview with Andrew Ross Sorkin on CNBC, the WeWork executive chairman spoke about the beleaguered office-leasing firm’s future after a series of leadership changes at WeWork and its main investor SoftBank. Claure, executive chairman of the co-working giant, said that in 100 days WeWork had put together a five-year plan to achieve profitability on an EBITDA basis in 2021 and positive cash flow the following year.