NEW YORK (NYT) - WeWork reported its first quarterly results as a public company Monday, revealing that its coworking business is still racking up big losses and hemorrhaging cash. But WeWork pointed to an uptick in customer leasing activity in the quarter as evidence that it was positioned to do well in office-space markets that had been upended by the pandemic. WeWork, which became public through a merger last month with a special purpose acquisition company, or SPAC, reported a net loss of US$802 million in the third quarter, an improvement on the loss of US$941 million in the same period a year earlier. WeWork's revenue, however, declined to US$661 million in the latest third quarter, from US$811 million a year earlier. The company reduced its loss by cutting its expenses significantly. WeWork leases huge amounts of office space and then charges its customers - large companies, small businesses and individuals - to use it. Customers might prefer being in a WeWork space because the lease agreements are shorter than for traditional office space, allowing for more flexibility. But the drawback for WeWork is that its customers can move out on short notice. WeWork was on the brink o...