WeWork, the flexible workspace solutions company that was once the darling of startup-crazyed Wall Street, is facing the grim reality of bankruptcy, with its stock plummeting to new lows amid ongoing financial turmoil.
The Wall Street Journal reports that WeWork, once a titan in the co-working space industry, is on the precipice of filing for Chapter 11 bankruptcy. Sources intimate with the matter have unveiled that the company is wrestling with substantial financial uncertainties, casting shadows over its future viability.
This Oct. 15, 2019, file photo shows a WeWork logo at the entrance to one of their office spaces in the SoHo neighborhood of New York. (AP Photo/Mary Altaffer, File)
Breitbart News reported in August that WeWork was facing the prospect of bankruptcy:
While the company has significantly high annual revenues — $3.245 billion in 2022 — it has been fraught…
