Por: MarketWatch Business March 25, 2023
With help from SoftBank, WeWork has dodged a financial crisis. WeWork is cutting debt below $2.4 billion, from $3.6 billion, and pushing the bulk of its maturities to 2027, from 2025. WeWork gets more than $1 billion of new funding and capital commitments and “cancels or equitizes” $1.5 billion of debt, including $1 billion held by SoftBank, which will be converted into equity, and $690.5 million in unsecured notes converted into debt and... + full article
MarketWatch USA Business March 25, 2023
With help from SoftBank, WeWork has dodged a financial crisis. WeWork is cutting debt below $2.4 billion, from $3.6 billion, and pushing the bulk of its maturities to 2027, from 2025. WeWork gets more than $1 billion of new funding and capital commitments and “cancels or... + más
WeWork's market cap is now smaller than its much more straight-laced rival as the market adjusts to reality | Business Insider
WeWork shares rise as company holds talks to restructure debt | Fox Business
The New York Times USA Business March 08, 2023
WeWork, the troubled office space company built by the entrepreneur Adam Neumann that has struggled to right itself in recent years, is in talks with investors to restructure its outstanding debt of more than $3 billion and raise more cash.An infusion of cash would most likely... + más
Fox Business USA Business March 08, 2023
Check out what's clicking on FoxBusiness.com WeWork is in talks to raise hundreds of millions in capital to support the business, according to Bloomberg. The long-struggling workspace rental company is reportedly in talks with Yardi Systems, a real estate software maker... + más
WeWork cutting hundreds of global jobs | Fox Business
Fox Business USA Business January 20, 2023
Evercore ISI senior managing director Mark Mahaney reveals which stocks could outperform if the US economy is hit with a recession on 'Varney & Co.' WeWork announced Thursday that the company is as it contends with the uncertain economy. In order to continue to... + más
WeWork plans to shutter 40 locations in US | Fox Business
Business Insider USA Business December 16, 2022
WeWork had once touted itself .Now WeWork faces a cash crunch as it struggles with increasing net losses and expensive long-term leases, watching as its market cap plunged from $2.3B at the start of December to $1.35 billion at the end of trading on Wednesday.WeWork's... + más
How to Get Rich By Losing Lots of Money | The Atlantic
Forbes USA Business December 15, 2022
SoftBank, like many other funds, hasn't had the best 2022. Getty Images It has been a tough year for Japan’s SoftBank and its CEO Masayoshi Son. Neither the company nor Son is weathering the global tech slump and general rising investor skepticism towards growth-first,... + más
Market turbulence, inflation, geopolitical uncertainty prompt dip in fintech investment: KPMG | Fox Business
The Future Of Fintech, According To AI | Forbes
Fox Business USA Business November 11, 2022
Check out what's clicking on FoxBusiness.com Office co-working company announced Thursday it has plans to shutter over three dozen locations across the U.S. Ticker Security Last Change Change % WEWORK 2.60 +0.17 +7.00% The WeWork intends to close are underperforming and... + más
Treasure Coast residents prepare homes, shutters ahead of Nicole | WPTV
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