0 Shares EmailFacebookTwitterLinkedInWeWork laid out a five-year plan on Tuesday, including goals to be free cash flow positive by 2022 and have $1 billion of free cash flow by 2024.

In 2021, it’s aiming to be adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) positive, and in 2022 WeWork’s goal is to be free cash flow positive.

Put simply, free cash flow means a company is “generating more cash than is used to run the business and reinvest to grow the business,” according to Investopedia.

When WeWork filed its S-1 document with the Securities and Exchange Commission, it was clear the company was burning cash.

Looking ahead, WeWork is also aiming for 1 million memberships in 2023, and having $1 billion of free cash flow in 2024. | To read full story, visit https://startuparound.com/read/1581453007.1622813/WeWork-Aims-To-Be-Free-Cash-Flow-Positive-By-2022?ref=audio_experience