WeWork reports higher free cash flow in first quarter - CFO email
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(Reuters) - The We Company, owner of WeWork, said on Thursday that for the first time quarterly revenue surpassed $1 billion and free cash flow increased 60% sequentially, but the money-losing shared office operator did not mention profitability in an email to employees that was reviewed by Reuters.Cash and unfunded cash commitments were $3.9 billion (3.2 billion pounds) as of March, Chief Financial Officer Kimberly Ross said in the email. The company said last quarter it had $4.4 billion in..