As WeWork's losses increase, it aims to move away from Uber

While WeWork Cos. Heading for an initial public offering, its enthusiastic CEO estimates that it should not be classified in the same category as massively loss-making companies like Uber Technologies Inc. and Lyft Inc.

"Our business model is very different," said Adam Neumann, CEO of WeWork, at the startup's headquarters in New York.

WeWork on Wednesday …