WeWork's Q3 loss more than doubles to $1.25 billion

Co-working space startup WeWork has reported a loss of $1.25 billion in Q3, up from $497 million in the same period last year. The loss follows WeWork's failure to launch an IPO this year. However, its revenue almost doubled year-on-year to $934 million. In an email to staff, co-CEOs Artie Minson and Sebastian Gunningham called the quarter a "difficult chapter".