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WeWork - what a downfall
Latest news from Reuters: Bankruptcy in the Works

Guess it should not be too surprising given the secular downtrend in office space and overly aggressive assumption on demand pre-Covid. It is noted that all the automotive giants ($GM $F $STLA) have filed for bankruptcy before, so this does not mean the end of $WE


Sidni Standard's avatar
I wonder what will happen post-bankruptcy... I know a lot of people still love to enjoy WeWork, so it'll be interesting to see whether or not they get bought out by another company, or if they're able to re-structure themselves adequately and still maintain a network of buildings throughout the world.
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