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 ...
Coworking group has struggled with a massive debt pile and hefty losses.
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'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 fell more than 50% in early trade after media reports that the flexible workspace provider was planning to file for bankruptcy as early as ...
The company has been in turmoil ever since its plans to go public in 2019 imploded following investors' scepticism over its business model.
The BBC understands the firm is to start closing some of its buildings, including one in central London.
The BBC understands the firm is to start closing some of its buildings, including one in central London.
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 ...
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.