As Expected Since August, WeWork Will File for Bankruptcy
by Brian Wang from NextBigFuture.com on (#6G1XG)
Reuters and Wall Street Journal are reporting that WeWork will file for bankruptcy next week. WeWork's shares were down 49.7% in early morning trading on Wednesday, bringing its market capitalization to just $61 million. That's a ludicrous drop considering this company raised more than $7.09 billion in equity capital while private. Three months ago, I ...