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WeWork, once valued at $40 billion, warns of possible bankruptcy as it submits 'going concern' notice

Por: NBC News Business August 09, 2023

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Four years ago, WeWork was preparing for a blockbuster IPO. Now the company is warning of possible bankruptcy. “Our losses and negative cash flows from operating activities raise substantial doubt about our ability to continue as a going concern,” WeWork said in a filing with the SEC on Tuesday. The spectacular collapse of a company once valued by SoftBank at $40 billion has been years in the making, but is still surprising given the... + full article



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