Squander (v.) 浪费，挥霍

Waste (something, especially money or time) in a reckless and foolish manner.

Ex.

Instead, WeWork had beaten its rivals because it had access to a near-limitless supply of funds, much of which it had squandered on expensive furniture, flamboyant perks, and promotions luring customers with below-market rents.

From:

https://www.newyorker.com/magazine/2020/11/30/how-venture-capitalists-are-deforming-capitalism?utm_campaign=falcon&utm_source=facebook&utm_social-type=owned&mbid=social_facebook&utm_medium=social&utm_brand=tny&fbclid=IwAR0mvWQMhugwNjzEV-V7GKd1ORj4gIBPFLol7Fg49-KKRF-2Yz1lhaOheAQ