SFTBY - The We copmany goes back to being WeWork

The We Company (WE) is reverting to the original WeWork name to make it clear the company is once again focusing on office sharing.Adam Neumann changed the name in January 2019, months before the failed, SoftBank-backed ([[SFTBF]],[[SFTBY]]) IPO and Neumann's departure.WeWork's new management, put in place by majority owner SoftBank, has worked to sell off non-core assets to slow a cash burn worsened by the pandemic.WeWork has said it will be profitable by the end of 2021."We want to be strategic. We want to be innovative. We want to be impactful. We want to be WeWork," says CEO Sandeep Mathrani, announcing the name change.Previously: Accelerating global pullback, WeWork sells control of China unit (Sep. 24 2020)

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The We copmany goes back to being WeWork