Once worth $47 billion, WeWork shares near zero after bankruptcy warning
Thursday, 10 August 2023
Shares of SoftBank-backed WeWork closed 38.5% lower at 12 cents on 8 September, which brought its valuation down to roughly $260m. The ongoing problems for WeWork and the warnings of bankruptcy are a blow for SoftBank, which poured money into the venture over the past several years. It has left WeWork searching for a new CEO.
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