Por: WPLG Local 10 Tech November 09, 2023
TOKYO – Japanese technology company SoftBank Group Corp. racked up a huge loss in the July-September quarter as its technology investments, most notably office-sharing company WeWork, went sour. Tokyo-based SoftBank loss totaled 931 billion yen ($6.2 billion) in the last quarter, a reversal from the 3 trillion yen profit it posted in the same period a year earlier.SoftBank has a sprawling investment portfolio and tends to have erratic... + full article
Slate USA Business November 08, 2023
When WeWork , one reasonable response was to double-take and remind yourself that WeWork still exists. The co-working–space company’s in the late 2010s, which was exciting enough to spawn and all kinds of exciting pop-cultural fare, didn’t reduce the company entirely to... + más
WeWork's market cap is now smaller than its much more straight-laced rival as the market adjusts to reality | Business Insider
WeWork faces $30M lawsuit as DivcoWest demands full payment amid bankruptcy threat | New York Post
Fox Business USA Business November 07, 2023
Thor Equities CEO Joe Sitt discusses what a sharp drop in commercial real estate could mean for banks on Varney & Co. WeWork filed for Chapter 11 bankruptcy protection on Monday, ending months of speculation that the office-sharing company was on the edge of collapse and marking... + más
WeWork sounds the alarm, prompting speculation around the company's future | ABC News
Thor Equities CEO Joe Sitt discusses what a sharp drop in commercial real estate could mean for banks on Varney & Co. Hours before WeWork filed for protection on Monday, the company's co-founder and former chief executive, Adam Neumann, weighed in on the expected move,... + más
Ars Technica USA Tech November 02, 2023
Navigate Filter by topic Settings Front page layout Site theme - Nov 1, 2023 5:16 pm UTC Getty Images Justin Sullivan WeWork stock fell about 50 percent today as the business once valued at $47 billion reportedly plans to file for bankruptcy. WeWork was founded in 2010 and... + más
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
What Are the Duties of A Trustee? | Forbes
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
How to Get Rich By Losing Lots of Money | The Atlantic
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