WeWork Inc. (WEWKQ)
| Market Cap | 1.58M |
| Revenue (ttm) | 3.36B |
| Net Income (ttm) | -1.64B |
| Shares Out | 52.76M |
| EPS (ttm) | -75.60 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 33,962 |
| Open | 0.0400 |
| Previous Close | 0.0300 |
| Day's Range | 0.0300 - 0.0400 |
| 52-Week Range | 0.0100 - 13.0800 |
| Beta | n/a |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About WEWKQ
WeWork Inc. provides flexible workspace solutions to individuals and organizations worldwide. The company offers workstation, private office, and customized floor solutions; and various amenities and services, such as private phone booths, internet, high-speed business printers and copiers, mail and package handling, front desk services, off-peak building access, common areas, and daily enhanced cleaning solutions. It also provides various value-add services; business and technical service solutions, including professional employer organization... [Read more]
Financial Performance
In 2022, WeWork's revenue was $3.25 billion, an increase of 26.26% compared to the previous year's $2.57 billion. Losses were -$2.03 billion, -54.18% less than in 2021.
Financial StatementsNews
WeWork emerges from bankruptcy, announces John Santora as new CEO
WeWork emerged from bankruptcy Tuesday after renegotiating 190 leases and exiting 170 locations. Commercial real estate veteran John Santora will replace David Tolley as CEO.
WeWork Announces Emergence from Chapter 11 and New Leadership Appointments
NEW YORK--(BUSINESS WIRE)--WeWork, the leading global flexible space provider, today announced it has successfully emerged from Chapter 11 and completed its global operational and financial restructur...
WeWork CEO David Tolley to step down as company exits bankruptcy
WeWork announced on Tuesday that its Chief Executive Officer and Director, David Tolley, will step down following the company's global restructuring. The transition is set to occur officially once WeW...
WeWork CEO Tolley to step down as company exits bankruptcy
WeWork said CEO David Tolley would step down after the flexible workspace provider emerges from bankruptcy later on Tuesday and the company will name a new top boss.
WeWork Announces Planned Leadership Transition
NEW YORK--(BUSINESS WIRE)--WeWork Announces Planned Leadership Transition.
WeWork eliminates $4bn in debt after judge approves bankruptcy plan
Days after co-founder dropped buying bid, the company claims it is set for ‘sustainable, profitable growth' and to re-emerge next month
WeWork cleared to exit bankruptcy as it moves on from Adam Neumann
WeWork had rejected an alternate buyout proposal offered by its co-founder Adam Neumann.
WeWork Secures Final Court Approval for Transformational Restructuring
NEW YORK--(BUSINESS WIRE)--WeWork announced today that its Plan of Reorganization has been confirmed by the United States Bankruptcy Court for the District of New Jersey, a final step in the Company's...
Co-Founder Adam Neumann Abandons Attempt to Buy Bankrupt WeWork
Shared-workspace company WeWork has faced significant challenges in recent years, including bankruptcy and the ousting of its co-founder Adam Neumann.
Adam Neumann Gives Up Bid to Buy Back WeWork
The co-founder of the shared-workspace company says WeWork's bankruptcy plan appears unrealistic.
Adam Neumann ‘shut out' of WeWork buyback, capping a fraught saga between founder and company
With two days until WeWork is expected to emerge from bankruptcy, Adam Neumann has written off his fantasy of reacquiring the company he left in crisis. (To clarify, he left a crisis behind at WeWork,...
Adam Neumann drops bid to acquire bankrupt WeWork
Former CEO of shared office space provider was ousted from company in 2019 following botched attempt to take it public
Adam Neumann ends bid to buy WeWork, NYT Dealbook reports
WeWork founder and former CEO Adam Neumann has ended his bid to acquire the bankrupt shared office space provider , the New York Times Dealbook reported on Tuesday.
WeWork plans to hold onto five more co-working spaces in Seattle area
WeWork plans to hold onto five more of its co-working spaces in the Seattle area as part of its effort to renegotiate leases worldwide during its bankruptcy-related restructuring.
Neumann Isn't Giving Up on WeWork
Adam Neumann, the co-founder of Flow, says he's not done trying to buy back WeWork, the company he co-founded that ultimately went bankrupt. He speaks at the Bloomberg Technology Summit.
Yardi Systems Comments on Proposed Plan to Support WeWork in Its Emergence From Bankruptcy
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Yardi Systems, Inc. (“Yardi”, “we” or “us”) today commented on the proposed plan of reorganization for WeWork, Inc. (“WeWork” or the “Company”). Under the propo...
WeWork rejects Adam Neumann's $650M bid, reaches bankruptcy deal with creditors
Neumann and his new company, Flow Global, have argued that WeWork is selling its equity to "hand-picked" insiders instead of trying to get the highest bid.
WeWork's $47 Billion Drama Sputters to Neumann-Less End
WeWork Inc.'s new restructuring deal is poised to cap the saga of a company that was once valued at $47 billion and included an effort by co-founder Adam Neumann to return, Bloomberg's Sridhar Nataraj...
WeWork founder Neumann wants bankruptcy court's help in bid to repurchase company
WeWork founder Adam Neumann has asked a U.S. bankruptcy judge to help his bid to re-acquire the coworking business, saying Monday that WeWork's management should engage in talks or be forced to cede c...
WeWork files motion to hold onto another of its co-working spaces in Seattle
WeWork is looking to hold onto another location in Seattle, as the onetime co-working giant filed a motion to assume its lease in the 15th and Market building in Ballard on Monday.
WeWork targets Chapter 11 exit by May 31, secures $8 billion in rent reduction
The SoftBank-backed company's post-bankruptcy business plan is premised on a significant reduction in future rent costs from its landlords.
WeWork expects to emerge from bankruptcy by end of May
WeWork Inc. said Tuesday that after restructuring lease agreements covering nearly 90% of its real-estate portfolio, it expects to come out of bankruptcy by the end of May.
WeWork targets Chapter 11 exit by May 31, secures $8 billion in rent reduction - Reuters
WeWork said on Tuesday it aimed to emerge from Chapter 11 bankruptcy in the U.S. and Canada by May 31 and had negotiated more than $8 billion, or over 40%, reduction in rent commitments from landlords...
WeWork Announces Substantial Progress in Real Estate and Financial Restructuring
NEW YORK--(BUSINESS WIRE)--WeWork announced today it has determined a final path forward at 90% of the locations in its global real estate portfolio through amended leases, new management agreements, ...
Why Adam Neumann's $500 Million WeWork Bid Could Easily Fail
Adam Neumann — cofounder of WeWork — wants to buy the co-working space provider out of bankruptcy — bidding “more than $500 million,” according to the Wall Street Journal.