💬 Quoted… “Our losses and negative cash flows from operating activities raise substantial doubt about our ability to continue as a going concern.”

WeWork, the office-space leasing company founded by Adam Neumann that was privately valued as high as $47 billion in 2019, warned in an SEC filing on Tuesday that it’s close to declaring bankruptcy after posting a net loss of nearly $700 million in the first six months of this year.

• The company’s stock, which has traded under $1 for several months, closed at $0.13 yesterday, giving WeWork a current market cap of ~$275 million.

📱⏱️ Stat of the Day: Each of TikTok’s 150 million US users spends an average of 93 minutes per day on the app.

🤔 Did You Know?... Prior to the Covid pandemic, Cuba’s largest economic export was doctors, whom the country leased out to foreign governments to the tune of ~$11 billion per year.

📰 Worth a Read: The biohacking devotees spending hundreds of thousands – even millions – to enhance their homes → (WSJ)