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WeWork Publicly Unveils IPO Filing

A recent report that WeWork was preparing to unveil its IPO filing this week has proved true, with the co-working space company having done just that. WeWork just unveiled its S-1 filing with the SEC, revealing much previously unknown info and metrics of its business. Key takes from WeWork's S-1 filing include:
527,000 members as of Q2 2019 end, up from 401,000 in 2018 and 87,000 in 2016. More than 50% of WeWork's members are outside the US.528 WeWork locations (across 111 cities) worldwide, up from 425 (across 100 cities) in 2018 and 111 (across 34 cities)  in 201638% of the Global Fortune 500 are customers$1.54 billion revenue in the first half of this year, but with a $905 million loss in the same period. This is up from $764 million revenue in the first half of 2018 and a $723 million loss in the same period$320 million sales and marketing spend in the first half of this year, up from $140 million in the first half of 2018$3.3 billion revenue run rate (as of Q2 end), up fr…

Comparing The BMW M121 And P48 Engines

BMW P48 Turbo engine

image: BMW

BMW has launched a new powerful engine -- the P48 -- that will make its debut in the BMW M4 DTM race-car when this season's Deutsche Tourenwagen Masters (DTM) kicks off at the start of May. The new engine works thanks to BMW Turbo Power, an initiative that kicked off some 50 years ago.

Just like the P48, BMW debuted the M121 engine 50 years ago. But despite the long time difference, both engines are similar in some ways. They:
  • Are both straight
  • Have four-cylinder engines with a two-litre capacity 
  • Have turbo chargers
  • Have sensitive engine components that must be protected by a heat shield from the heat emitted by the turbo charger
  • Come with a mechanical injection pump that supplies the engine with fuel

BMW M121 Turbo engine

image: BMW

(Left-Right) BMW M121 Turbo engine and BMW P48 Turbo engine

image: BMW

On the other hand, there are notable differences between both. Components like the wet sump, boost valve, fan, ignition distributor, and direct charge air pipe have disappeared in the P48. More efficient methods have been developed to perform the same functions at even better rates. For example, instead of a direct charge air pipe, the P48 makes use of a dry sump system.

Also, complementary tools like the starter and generator previously on the engine are no more but are mounted on a transaxle gearbox behind the engine. Likewise, Carbon-fibre-reinforced plastic has taken the place of the old aluminium weld-and-cast construction on the engine's plenum chamber. The engine's butterfly is now moved electrically and no longer via a mechanical throttle rod.

For info, here are some features of the new P48 engine:
  • 85 kg weight
  • More than 600hp power output
  • More than 6,000 km (per season) service life
  • 9,500 rpm max engine speed
  • 1,999 cc capacity
  • Four valves per cylinder, operated via rocker arm
  • Steel camshafts, operated via gears
  • A Steel crankshaft
  • Cylinder block and cylinder head made from cast aluminium
It's obvious the new P48 engine has come a long way from the M121 launched in 1969. The P48 will be making its debut soon, offering a chance to persons looking to see the engine put into use.



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