WeWork’s Rise To $47 Billion—And Fall To Bankruptcy: A Timeline
WEBNov 7, 2023 · WeWork has $15 billion worth of assets but $18.6 billion in debt, according to the Wall Street Journal. It also reportedly owes almost $100 million “in unpaid rent and lease termination fees”...
Why did WeWork fail, and what is next for the company?
WEBNov 7 (Reuters) - Flexible workspace provider WeWork (WE.N) sought U.S. bankruptcy protection on Monday, crippled by a large debt pile and soaring losses due to lower demand for office space from...
WeWork emerges from bankruptcy, announces John Santora as …
WEBJun 11, 2024 · WeWork, the shared office space company once valued at $47 billion, emerged from bankruptcy on Tuesday and named Cushman & Wakefield executive John Santora as its new CEO. WeWork filed for...
WeWork Cleared to Exit Bankruptcy After Neumann Ends Buyout …
WEBMay 30, 2024 · WeWork Inc. won bankruptcy court approval to shed billions in debt, drop unprofitable leases from its office workspace portfolio and leave behind the legacy of co-founder Adam Neumann.
WeWork cleared to exit bankruptcy and slash $4 billion in debt
WEBNEW YORK, May 30 (Reuters) - A U.S. bankruptcy judge on Thursday approved WeWork's Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand...
After WeWork's bankruptcy, what is the future of coworking? - BBC
WEBNov 16, 2023 · Practically synonymous with coworking, WeWork has an uncertain future after it was forced to file for bankruptcy protection in the US. Can coworking survive without it?
WeWork Has Sent a Distress Signal. Here’s What to Know.
WEBAug 9, 2023 · WeWork, which promised to revolutionize the way people work alongside one another, announced in a financial filing on Tuesday that it had “substantial doubt” it would stay in business. That ...
WeWork CEO says company is 'here to stay' as it renegotiates leases
WEBSep 6, 2023 · With its market cap at about $200 million, down from a private market peak of $47 billion, WeWork in mid-August announced a 1-for-40 reverse stock split to get its shares trading back above $1, a...
WeWork, shortly after warning about its future ... - Associated Press News
WEBSep 6, 2023 · NEW YORK (AP) — WeWork said Wednesday it will attempt to renegotiate nearly all of its leases and may exit some properties, an announcement coming just weeks after the workspace-sharing company sounded the alarm over its …
Adam Neumann Gives Up on Buying Back WeWork - The New York Times
WEBMay 28, 2024. Adam Neumann has officially admitted defeat in his quest to buy back WeWork, ending his bid to acquire the co-working company, which he helped found in 2010 and built into a global...