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 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.
The stock crash comes as WeWork continues to grapple with substantial financial deficits, deficiencies in corporate governance, and concerns regarding the ...
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.
When the other shoe drops, it can drop hard. That's what happened on the first day of November as WeWork (NYSE:WE) stock lost half of its value in a single ...
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 ...