WeWork, once valued at $47 billion, files for bankruptcy
Publishing timestamp: 2023-11-07 12:13:10
Summary
WeWork, the office-sharing company, has filed for Chapter 11 bankruptcy protection in the US and Canada. The company, once valued at $47 billion, has faced financial struggles and the COVID-19 pandemic has further impacted its business. WeWork hopes that the bankruptcy filing will enable it to reorganize and emerge successfully.
Sentiment: NEGATIVE
Tickers: WE,
Keywords: wework inc, masayoshi son, adam neumann, venture capital, business news, real estate, technology, breaking news: technology, breaking news,
Source: https://www.cnbc.com/2023/11/07/wework-files-for-bankruptcy.html