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The company in mid-August announced a 1-for-40 reverse stock split to get its shares trading back above $1, a requirement for keeping its New York Stock Exchange listing. WeWork shares had fallen ...
A WeWork spokesperson said last week that the company does not comment on speculation and did not immediately return messages after trading in the company's stock was halted Monday. Shares of ...
NEW YORK (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 the company ...
WeWork has officially emerged from bankruptcy. Once a Wall Street darling promising to revolutionize the world of work, WeWork took a stunning — but anticipated — fall last November when it ...
WeWork, the beleaguered coworking space company, has filed for bankruptcy, marking a stunning downfall for what was once the world’s most valuable startup.
On November 6, WeWork's stock trading was suspended and halted, and WeWork filed a petition under Chapter 11 of the United States Bankruptcy Code in the United States District Court for the District of New Jersey shortly after that, listing liabilities of approximately $10 billion to $50 billion. Most of WeWork's office spaces will remain ...
WeWork’s stock has been trading below $1 since mid-March. It tumbled 26% to 15 cents in extended trading on Tuesday and now has a market cap below $500 million.
Company that provides shared working spaces has been struggling with huge debts and losses incurred during the pandemic