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WeWork

WeWork Doubles In Latest Perplexing Bet On A Bankrupt Company

by Adrian Jhonsan
WeWork Doubles In Latest Perplexing Bet On A Bankrupt Company

WeWork’s current plan calls for its equity to be canceled. The odd trend of investors piling into the shares of bankrupt companies continued this week when WeWork Inc. jumped 92% …

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Categories World

Read: WeWork India’s statement on the company’s bankruptcy filing

by Ev Richard
Read: WeWork India’s statement on the company’s bankruptcy filing

WeWork, the flexible office space startup, co-founded by Adam Neumann and bankrolled by SoftBank, BlackRock, and Goldman Sachs, has filed for Chapter 11 bankruptcy protection in the US. The company, …

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Categories Technology

WeWork Shares, Formerly Valued at $47 Billion, Approach Zero Following Bankruptcy Warning

by Craig Fedirighi
WeWork Shares, Formerly Valued at  Billion, Approach Zero Following Bankruptcy Warning

NEW YORK: WeWork shares approached zero on Wednesday after the one-time startup darling warned it could go bankrupt in a stunning reversal of fortune for a company that was once …

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Categories Business

The Striking Plummet: WeWork Faces ‘Significant Uncertainty’ About Its Future

by Craig Fedirighi
The Striking Plummet: WeWork Faces ‘Significant Uncertainty’ About Its Future

NEW YORK: For the past four years, WeWork Inc has been trying to deliver a turnaround story — one in which the rowdy co-working startup transforms into a stable, profitable …

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Categories Business

WeWork, Significant Real Estate Holder in San Francisco, Issues Warning Revealing Severe Losses

by Craig Fedirighi
WeWork, Significant Real Estate Holder in San Francisco, Issues Warning Revealing Severe Losses

FILE: A sign is posted on the exterior of a WeWork office on October 07, 2019 in San Francisco, California. Justin Sullivan/Getty Images The saga of WeWork, the co-working space company that …

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Categories Business

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