WeWork Files Chapter 11 Bankruptcy…..

By: Economic & Finance Report

In 2019 WeWork was valued around 47 billion dollars. At the end of the 2023 calendar year, WeWork is only worth $45 million dollars. Its stock shared declined more than 98%.

WeWork is a company that refurnished and remodeled commercial office spaces. They are the intermediary for such negotiations and deals amongst businesses seeking real estate shared spaces. They offer accommodations to over 119 locations around the world. The company suffered during the pandemic, as many office leases were broken or businesses closed, sporadically because of the pandemic. – SB

Image Source: CBS News