Showing posts with label bankruptcy. Show all posts
Showing posts with label bankruptcy. Show all posts

How WeWork Went From $47B Startup to Bankrupt Penny Stock


WeWork, once a-venture-capital darling, has filed for Chapter 11 bankruptcy. Co-founded in 2010 by Adam Neumann, the filing marks a reversal for the company that specialized in leasing shared workspaces and was once valued at $47 billion. WSJ breaks down how the desk-rental company went from one of the world’s most valuable startups to a bankrupt penny stock.

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