WeWork IPO filing shows it's losing nearly $5,200 per customer

WeWork's corporate parent We Company revealed in documents for its upcoming initial public offering that the office-share company lost more than $1.3 billion from its operations in the first half of this year.

"It is an interesting parallel with the dotcom companies," said Greg Kyle, director at the Bates Group who helped publicize the staggering losses being run-up by Internet start-ups during the late 1990s dotcom craze. "They're following the same pattern, in terms of spending to acquire customers. For some, like Amazon and Ebay, it worked out, but for many others much less so."