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At the end of Monday, WeWork stock was up 3.4% from Friday’s close after today’s earnings report—its first as a public company. The good news was that third quarter revenue of $661 million was up from the second quarter’s $593 million. Not so good news was that revenue the year before was $810.8 million. Also, there was a net loss of $844 million, even with $262 million reported as non-cash and non-recurring expenses, though down from $999.5 million from the year before.

To some that weren’t bidding up share prices, it wasn’t impressive.

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