Por: ABC News Tech August 18, 2023
WeWork is moving forward with a 1-for-40 reverse stock split in a bid to maintain its listing on the New York Stock Exchange. The NYSE issued a notice to the workspace-sharing company in the spring after shares closed below an average of $1 over a 30-day trading span. The value of company shares have plunged since their flashy debut in 2021 and tumbled 14% before the opening bell Friday, to 13 cents apiece.Earlier this month WeWork warned there... + full article
ABC News USA Business August 15, 2023
NEW YORK -- WeWork has sounded the alarm on its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company.Last week, WeWork warned there was “substantial doubt” about the New York-based company's “ability to... + más
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WeWork sounds the alarm, prompting speculation around the company's future | ABC News
Fox Business USA Business August 10, 2023
Check out what's clicking on FoxBusiness.com that it is teetering on the edge of bankruptcy sent the office-sharing company's shares to nearly zero Wednesday in a spectacular fall for a firm once valued at tens of billions of dollars. The news signals the end of what... + más
WeWork's market cap is now smaller than its much more straight-laced rival as the market adjusts to reality | Business Insider
WeQuit: WeWork bonds sink after top executives resign from cash-burning company | MarketWatch
NBC News USA Business August 09, 2023
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... + más
MarketWatch USA Business June 02, 2023
WeWork bonds owned by holdouts of a recent debt restructuring are trading deeper in distressed territory at about 45 cents on the dollar. BondCliQ Corporate bonds trading below 70 cents are broadly considered distressed. WeWork bonds trading near 45 cents represent a small group... + más
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
WeWork plans to shutter 40 locations in US | Fox Business
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