Once worth $47 billion, the company's market cap had dropped below $45 million.
Share on linkedin WeWork filed for Chapter 11 bankruptcy protection on Monday.The co-working space operator failed to make required interest payments to bondholders last month, but then negotiated a pair of extensions that pushed the deadline to today.that substantial doubt exists about WeWork's ability to continue as an ongoing concern.
WeWork's locations outside of the U.S. and Canada are not part of this process, according to the statement.Share on facebook Share on email
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WeWork, once valued at $47 billion, files for bankruptcyOffice-sharing company WeWork filed for Chapter 11 bankruptcy protection in federal court Monday.
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WeWork, once valued at $47 billion, files for bankruptcyOffice-sharing company WeWork filed for Chapter 11 bankruptcy protection in federal court Monday.
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Trading in WeWork halted as rumors swirl about the ability of the office sharing company to go onTrading in shares of WeWork has been halted as rumors swirl that the office sharing company, once valued as high as $47 billion, will seek bankruptcy protection.
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Trading in WeWork halted as rumors swirl about the ability of the office sharing company to go onTrading in shares of WeWork has been halted as rumors swirl that the office sharing company, once valued as high as $47 billion, will seek bankruptcy protection.
Leer más »