Earlier on Tuesday, the company told the US financial regulator it had agreed with creditors to temporarily postpone payments for some of its debt. The firm, ...
WeWork shares tanked over 35% in premarket trading on Wednesday after media reports that the flexible workspace provider was planning to file for bankruptcy ...
WeWork's shares plunged 37% in pre-market trading Wednesday, following news reports that the beleaguered company plans to file for bankruptcy as early as ...
Given the company's performance in the past few quarters, what did you think was going to happen?
The business was founded in New York in 2010 by Adam Neumann, an Israeli entrepreneur, who had tapped into a post financial crisis zeitgeist of more ...
WeWork, a company once valued at $47 billion, now sells for around $1.12 per share at a market capitalization of $59 million.
WeWork shares plunged to their lowest level ever following reports the flexible office space provider may declare bankruptcy.
WeWork's potential bankruptcy caps a rapid downfall for the firm, which in March struck a deal to slash $1.5 billion of debt in an out-of-court restructuring.
The SoftBank-backed company has been struggling with a large debt pile and hefty losses in recent years. Shares of the flexible workspace provider fell as much ...