The Inevitable Decline of WeWork

WeWork announced this week that it would not make two sets of interest payments totaling about $95 million, a move meant to jump-start negotiations with its lenders at the same time it tries to cut costs with its landlords. 

The missed interest payments will spur speculation of a bankruptcy filing. But WeWork says it has the cash on hand, and the company has a 30-day grace period to make the payments, which were due Monday. 

At the end of June, it had $205 million in cash and access to a credit line worth $475 million. Skipping an interest payment is not necessary to negotiate with lenders. But indebted companies sometimes use the move to put pressure on lenders to restrike deals under more favorable terms. 

From its inception in 2010 to its collapse in 2023, WeWork's journey has been a roller-coaster. Once valued at $47 billion dollars, the company today, is on the verge of bankruptcy. How did the Venture Capital backed co-working company, end up as the biggest financial bonfire in Venture Capital history?

PANIC! The Untold Story of the 2008 Financial Crisis

Panic: The Untold Story of the 2008 Financial Crisis examines the major players and various factors leading to the 2008 US financial crisis and the ultimate prevention of devastating economic collapse. 

The documentary takes a political and economic microscope to the atmosphere just before, during, and after the end of the 2008 market decline. With exclusive interviews from politicians, entrepreneurs, and leaders of the big banks such as Lehman Brothers, the story unfolds itself into gritty layers of a complex socioeconomic mashup. 

US Presidents George Bush and Barack Obama give their account of the crisis that occurred during their delicate transition of power. Members of Congress Nancy Pelosi and Judd Gregg discuss their efforts to stabilize the economy and support an American people on the brink of destitution. Included are perspectives from the likes of investment guru Warren Buffet and the former head of Goldman Sachs Lloyd Blankfein.

Lehman Brothers - The Bank That Bust The World

In 2008, Lehman Brothers went bankrupt, causing the global financial crisis. 

In this video, we'll explore the history of Lehman Brothers and the 2008 financial crisis, from sub prime mortgages to the global recession. 

This video is for history buffs, financial experts, and anyone who wants to learn more about the 2008 financial crisis. 

Lehman Brothers is a key player in this epic story, and we'll tell you all about the bank that broke the world.