Current：Home > InvestWeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion -TradeWisdom
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
View
Date：2025-04-18 06:54:52
NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world.
The company offered few specifics about the course of its restructuring, but noted in its filing that it was requesting the ability to cancel leases in particular locations that WeWork described as largely non-operational. All affected members have received advanced notice, the company said in a late Monday announcement.
veryGood！ (8239)
Related
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- FTC launches probe into whether surveillance pricing can boost costs for consumers
- Survivors sue Illinois over decades of sexual abuse at Chicago youth detention center
- 2024 hurricane season breaks an unusual record, thanks to hot water
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Netanyahu looks to boost US support in speech to Congress, but faces protests and lawmaker boycotts
- Agreement halts Cowboys owner Jerry Jones’ countersuit trial against woman who says he’s her father
- Kamala Harris hits campaign trail in Wisconsin as likely presidential nominee, touts past as prosecutor
- Highlights from Trump’s interview with Time magazine
- Steve Bannon’s trial in border wall fundraising case set for December, after his ongoing prison term
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Tesla’s 2Q profit falls 45% to $1.48 billion as sales drop despite price cuts and low-interest loans
- She got cheese, no mac. Now, California Pizza Kitchen has a mac and cheese deal for anyone
- Indiana’s three gubernatorial candidates agree to a televised debate in October
- Trump invites nearly all federal workers to quit now, get paid through September
- NFL Star Joe Burrow Shocks Eminem Fans With Slim Shady-Inspired Transformation
- New owner nears purchase of Red Lobster after chain announced bankruptcy and closures
- Former US Army civilian employee sentenced to 15 years for stealing nearly $109 million
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Darryl Joel Dorfman Leads SSW Management Institute’s Strategic Partnership with BETA GLOBAL FINANCE for SCS Token Issuance
Find Out Which America's Sweethearts: Dallas Cowboys Cheerleaders Stars Made the 2024 Squad
Mudslides in Ethiopia have killed at least 229. It’s not clear how many people are still missing
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Google’s corporate parent still prospering amid shift injecting more AI technology in search
How historic Versailles was turned into equestrian competition venue for Paris Olympics
George Clooney backs Kamala Harris for president