SFTBY - WeWork demand sales return to pre-pandemic levels

WeWork (WE) Chairman Marcelo Claure says demand for the company's workspace is higher today "than it was prior to the pandemic."Claure, who is also the COO of SoftBank ([[SFTBF]],[[SFTBY]]), made the comment during the Bloomberg Businessweek virtual summit.A WeWork spokeswoman later told Bloomberg that "Sales are back to pre-pandemic levels."In March, WeWork agreed to go public through a reverse merger with SPAC BowX Acquisition in a deal valued at $9B. Major investor SoftBank stepped in to bail out WeWork after its first IPO attempt failed, which started a period of choppy waters for the Japanese tech giant.Last week, SoftBank reported annual profits that set a new record for a Japanese company. But SoftBank's CEO admitted that his WeWork investment was a "mistake."

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WeWork demand, sales return to pre-pandemic levels