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 ...
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 ...
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 ...
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.
Given the company's performance in the past few quarters, what did you think was going to happen?
Shares in WeWork, a firm once valued at $47 billion, are tumbling toward an all-time low after reports that it may soon file for bankruptcy.
Even when WeWork agreed to go public two years ago, long after its SoftBank-backed heyday, the co-working space operator was still valued at around $9 billion.
WeWork's shares plunged as sources say it is preparing to file for bankruptcy as soon as next week.
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.
The BBC understands the firm is to start closing some of its buildings, including one in central London.
WeWork has risen and fallen on its stylish co-working spaces, larger-than-life founder and ability to rake in โ and spend โ investors' cash.
The company is expected to file for Chapter 11, according to reports. The news marks a spectacular reversal for the company, once valued at $47 billion.
WeWork has started to close some of its coworking spaces as it reportedly prepares to file for bankruptcy.
WeWork has started to close some of its coworking spaces as it reportedly prepares to file for bankruptcy.
By Joy Wiltermuth. WeWork has a $25 billion pile of lease obligations to untangle. WeWork Inc. is expected to file for bankruptcy as soon as next week, ...
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The company said in a regulatory filing Tuesday that its lenders including SoftBank have entered into a forbearance agreement to prevent a default. The latest ...