WeWork, once worth $47 billion, files for bankruptcy

WeWork, once worth $47 billion, files for bankruptcy

6 months ago
Anonymous $HYlO-3b458

https://techcrunch.com/2023/11/06/wework-once-worth-47-billion-files-for-bankruptcy/

Flexible-office-space firm WeWork has filed for Chapter 11 bankruptcy protection, a stunning change in fortune for the once high-flying startup co-founded by Adam Neumann and bankrolled by SoftBank, BlackRock and Goldman Sachs.

The New York-based firm, which raised over $22 billion, has listed both assets and liabilities in the range of $10 billion to $50 billion in its petition filed in a New Jersey federal court. Its bankruptcy filing is limited to locations in the U.S. and Canada, it said.