WeWork Inc. (WEWKQ)
|Net Income (ttm)||-1.64B|
|Day's Range||0.280 - 1.670|
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]
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 Statements
Opinion: WeWork approached physical space as if it were virtual, which led to the company's downfall
On Nov. 6, the co-working firm WeWork filed for bankruptcy. WeWork, founded by Adam Neumann and Miguel McKelvey in 2010, had a simple business model: it signed long-term leases on urban buildings, fit...
WeWork said on Tuesday it had secured commitments for up to $682.5 million in debtor-in-possession financing from some of its lenders, weeks after the shared office space provider filed for bankruptcy...
WeWork Inc. WEWKQ, +5.81%, the once-hot office-sharing platform that filed for bankruptcy protection this month, said on Monday that Ernst & Young “will not seek to be retained” as its accounting firm...
Shares of beleaguered WeWork Inc. pulled back 20.7% in premarket trades Monday, after ending Friday's session up 23%.
Neumann, still a billionaire, is seen skateboarding and socializing and his wife Rebekah has a new life too.
WeWork was famous for huge coworking spaces with amenities like climbing walls and swimming pools. Industrious CEO Jamie Hodari said they saddled the company with big liabilities and weren't viable.
WeWork's end, Neumann's return? Who's left holding the bag, and what comes next
WeWork took us on a wild ride. A real estate company disguised as a tech startup, holding long-term leases and turning them around for short-term rentals.
In a strange flashback to the demise of Bed Bath & Beyond Inc., WeWork Inc.'s stock soared on its over-the-counter debut this week, just days after the office sharing company filed for chapter 11 bank...
SoftBank Vision Fund Loses $1.7 Billion More as WeWork Fails
Japanese conglomerate SoftBank Group Corp.'s flagship Vision Fund reported another loss with the drop in valuations at WeWork Inc. and other portfolio companies. Peter Elstrom reports on Bloomberg Tel...
WeWork Rival Sees New Era Ahead in Flex-Office Industry
WeWork's bankruptcy creates a ``dividing line'' that marks a new era in the flex-office industry, Industrious LLC co-founder Jamie Hodari tells Bloomberg's Sonali Basak. Industrious is positioned to a...
SoftBank posts $6.2 billion loss after WeWork files for bankruptcy
CNBC's Deirdre Bosa reports on news from SoftBank.
Tech conglomerate and investor SoftBank has lost $14.4 billion so far on WeWork. The office-sharing firm filed for bankruptcy earlier this week.
The most recent high-profile company in distress is WeWork which filed for Chapter 11 protection with about $18.7 billion in liabilities and $15.1 billion in assets.
Co-working spaces are designed for tech startups, not downsizing corporate tenants.
The former CEO could leave with a last slug of money, a knock-on effect of the generous terms big investors lavished on tech company founders.
TOKYO (AP) — SoftBank Group Corp. racked up a huge loss in the July-September quarter as its technology investments, most notably office-sharing company WeWork, went sour.
The Japanese tech investor sank deeper into the red as it reported write-downs related to the bankruptcy of office-sharing company and technology shares stayed under pressure.
To find out, we spoke with Reeves Wiedeman, author of ‘Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork' on the latest episode of the Most Innovative Companies podca...
WeWork filed for bankruptcy this week, but will continue to operate. Ousted CEO Adam Neumann issued a statement saying it has been "hard to watch from the sidelines.
WeWork's bankruptcy announcement is particularly rosy about its future. The company, founded by Adam Neumann, was once valued at $47 billion.
WeWork bankruptcy: How landlords are impacted by millions owed in rent losses
WeWork (WE) filed for Chapter 11 bankruptcy on Monday, consenting to a restructuring agreement for its investors to pay off $4 billion in debt. The shared workspace company was hit by a massive shift ...
Court papers reveal Japanese conglomerate transferred money less than a week before office rental group filed for bankruptcy
Expert details why WeWork failed so spectacularly
Before the pandemic, WeWork (WE) was valued at $47 billion, quite the high for a company that just filed for Chapter 11 bankruptcy on Monday. According to Bloomberg, the company's first appearance in ...
Son's SoftBank Takes a Hit on WeWork Bankruptcy Filing
Masayoshi Son's is in focus on Wall Street because of his support of WeWork Inc., whose bankruptcy is a blow to the finances and credibility of the Japanese billionair'es SoftBank Group Corp. Bloomber...
WeWork's bankruptcy is the beginning of a broader collapse in zombie companies, Wall Street veteran says
WeWork marks the start of the zombie company collapse, according to New Constructs' David Trainer. The coworking giant recently filed for bankruptcy after shares plunged more than 99% in value.