WeWork has ‘substantial doubt’ it can stay in business

US workspace-sharing firm once valued at $47bn made net loss of $397m between April and June

WeWork has warned there is substantial doubt" over whether it will be able to remain in business as the flexible workspace company scrambles for cash to survive.

The New York-based firm said its status as a going concern was in doubt because of its financial losses and need for cash to stay afloat over the next year.