Q: Is corporate growth in the tech sector sustainable?

Forced to focus away from acquiring users and towards fixing the rampant misuse of their platform by foreign governments, insidious trolls and extremists, social media companies have started butting up against the limits of their relentless growth. Documents released when WeWork launched its first b...

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Bibliographic Details
Published in:The Estates Gazette 2018-10, p.19-19
Main Author: Reynolds, Matt
Format: Article
Language:English
Subjects:
Commercial real estate
Corporate growth
Corporate profits
Profitability
Social networks
Zuckerberg, Mark
Online Access:Get full text
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Summary:Forced to focus away from acquiring users and towards fixing the rampant misuse of their platform by foreign governments, insidious trolls and extremists, social media companies have started butting up against the limits of their relentless growth. Documents released when WeWork launched its first bond sale in April 2018 revealed that its losses doubled to $933m in a year as the company spent big on opening and renovating new buildings. All this expenditure with little underlying profitability could leave tech firms high and dry if the economic tide turns.
ISSN:0014-1240
2059-5123