WeWork Announces 1-for-40 Reverse Stock Split to Avoid Getting Kicked Off the New York Stock Exchange
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…