But the most concerning factor of all is profitability. WeWork has yet to turn a profit despite receiving $4 billion worth of funding as of January 2019. These funds have come from respected parties such as Jefferies, JP Morgan, and SoftBank. We Work did not release any details about their financials until August, when they filled an S1, a financial statement issued to the public by the company prior to its listing. This listing revealed the grave extent of WeWork's losses and sent investors scratching their heads for answers. Analysts are struggling to find an appropriate valuation method, let alone an accurate price, given WeWorks' updated financials. When comparing We to Swiss-based rival IWG PLC, We's valuation is ten times higher, despite having similar occupancy rates. Investors became more anxious when Neumann sold $740 million worth of stocks tied to the We Company. Due to these factors, We Work's evaluation dropped from $47 billion to $20 billion on what would have been the eve of their IPO.