“Community Adjusted EBITDA.” The acronym stands for “earnings before interest, taxes, depreciation, and amortization,” and is a standard way of measuring financial performance. The phrase “Community Adjusted” was a WeWork creation, meant to apply the company’s rhetorical flourish to a metric that would present its financial picture in a rosier light. By removing certain costs like design, marketing, and administrative expenses, which the company argued would dissipate over time, Community Adjusted EBITDA transformed
