One Of The 2010s’ Trendiest Startups Plans To File Bankruptcy
The once-booming start-up WeWork will file for bankruptcy as early as next week as the company struggles to pay its debts, according to The Wall Street Journal.
WeWork, a company that seeks to provide flexible workspaces that individuals and businesses can rent, could file for Chapter 11 bankruptcy as soon as next week after it missed interest payments to bondholders that were due on Oct. 2, according to the WSJ. The company was once valued at $47 billion, fueled by venture capital funds eager to invest.
The company was given 30 days...