its gross margins — the portion of its revenue it had left over after such costs — were only 16%. WeWork's gross margins improved in the first half of this year, rising to nearly 20% of sales.

John Santora is bringing a little bit of old-school savvy to WeWork (WE), whipping the formerly bankrupt, publicly traded company into a private business on more solid footing. The honorary New York ...

Cake, a members-only platform, brings department store perks to online retail.

The company leased office space and never owned any of its buildings. This strategy limited WeWork's ability to reduce costs and made it vulnerable to rent hikes. The company would then be forced ...

Excluding the cost of the core thing you do has echoes of other high-flying tech startups from a few years ago. McKenna drew comparisons to Groupon, and discussed WeWork, too. Before Groupon went ...