The co-founder of the shared-office company, who stepped down under pressure before the firm went bankrupt, announced an audacious takeover bid earlier this year.
Category: WeWork Companies Inc
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Adam Neumann Wants to Take Over WeWork
Adam Neumann, the co-working company’s onetime chief, has sought for months to buy the now-bankrupt business, but accuses its current leaders of stonewalling him.
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From Unicorns to Zombies: Tech Start-Ups Run Out of Time and Money
After staving off collapse by cutting costs, many young tech companies are out of options, fueling a cash bonfire.
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WeWork’s Bankruptcy Tests Claims of a Co-Working Revolution
The business of offering offices on flexible, short leases will survive the company’s troubles, but commercial real estate experts say it will probably remain a niche.
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WeWork Files for Bankruptcy Amid Glut of Empty Offices
The move is a blow for landlords who have rented space to the co-working group, which is planning a “comprehensive reorganization” that includes cutting some of its leases.
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WeWork Bankruptcy Would Deal Another Blow to Ailing N.Y. Office Market
The fallout would be particularly hard for landlords already struggling with piling debt and companies scaling back their office footprint.
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WeWork Misses $95 Million in Interest Payments
The skipped payments, another signs of the company’s financial troubles, are intended to start negotiations with lenders, it said.
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WeWork Declares Intent to Renegotiate Almost All Leases
A month after saying its continued existence was in doubt, the co-working company says it expects to “exit unfit and underperforming locations.”
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WeWork Has Sent a Distress Signal. Here’s What to Know.
The co-working company has declared that its ability to endure as a business is in doubt. A failure could have widespread effects.
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WeWork Cites ‘Substantial Doubt’ That It Can Stay in Business
The co-working company will seek to raise capital as it searches for a chief executive. Its battered stock plunged further.
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Investors Expect a Fed Pause, Not an End to Rate Increases
A breather in the central bank’s anti-inflation policy is expected, but with still-rising inflation has investors bracing for another raise later this year.
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WeWork Faces More Turmoil After Its CEO Departs
The company’s top boss, a real estate industry veteran, abruptly left in May after growing frustrated with SoftBank, its largest shareholder and lender.