The WeWork competitor is mostly a co-working business.

What’s left is called “gross profit,” and the relative total of gross profit generated from revenue is called gross margin.

Now take your operating profit and remove taxes and other costs.

Here’s what that looks like:If your cost of revenue is higher than your revenue, your gross profit is negative.

Ucommune’s services arm, therefore, was more lucrative in terms of generating gross margin for the co-working company than its actual co-working business. | To read full story, visit https://startuparound.com/read/1576611006.5017138/Why-is-WeWork-2.0-trying-to-go-public?-–-TechCrunch?ref=audio_experience