WeWork

Co-working giant WeWork has officially exited Chapter 11 bankruptcy protection, but questions linger about its long-term viability. The company, once a Wall Street darling valued at nearly $47 billion, filed for bankruptcy in November 2023 after struggling with massive debt and unsustainable real estate costs. To survive, WeWork shed over $4 billion in debt, secured…

Facing a tumultuous period marked by plummeting stock value and a recent admission of “substantial doubts” about its ongoing viability, WeWork has launched a strategic bid to rescue its listing on the New York Stock Exchange (NYSE). The embattled co-working space provider’s latest maneuver involves a 1-for-40 reverse stock split, aimed at bolstering the beleaguered…