See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

WeWork’s Stunning Collapse Continues With Bankruptcy Filing

Posted on AllSides November 6th, 2023
From The Left

The stunning collapse of WeWork entered a new stage Monday after the company officially filed for Chapter 11 bankruptcy protection. Once worth north of $47 billion, the short-term office rental venture was at one point the United States’ most valuable startup—until fallout from a slipshod initial public offering and pandemic-driven market forces decimated its revenue base and doomed the company for good. The declaration will only affect WeWork locations in the U.S. and Canada, WeWork said in a statement on the filing.

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://thedailybeast.com/weworks-stunning-collapse-continues-with-bankruptcy-filing

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right