Co-working giant WeWork stated in its August 10-Q filing that substantial doubt exists about the company’s ability to continue as a going concern. “As a result of the Company’s losses and projected ...
Under the terms of WeWork's proposed financing deal to exit bankruptcy, the company's senior lenders agreed to inject WeWork with $50M to keep it running until it expects to emerge from bankruptcy May ...
Forbes contributors publish independent expert analyses and insights. I assist NYC office tenants with all their leasing needs. According to a story posted in the Wall Street Journal on August 24, ...
WeWork said Monday it will shed $4 billion in debt and get $450 million in new financing to get out of bankruptcy without being sold to its co-founder and former CEO Adam Neumann, the architect of its ...
As WeWork works to reduce its rent bill by any means necessary, it leaves billions of dollars of potential real estate value in limbo. The coworking operator's U.S. portfolio totals 15.5M SF across ...
October 24, 2024, 2:59 PM ESTCareer & Workplace September 27, 2024, 3:41 PM ESTCommercial Real Estate December 19, 2023, 4:49 PM ESTCommercial Real Estate December 09, 2021, 1:47 PM ESTCommercial Real ...
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WeWork part two - cash burn and legal troubles
The curious minds at ColdFusion break down WeWork’s chaotic collapse and lawsuits.
WeWork didn’t mince words in its earnings report this week, flatly stating what anyone paying attention to its business and the office market could surmise: There is “substantial doubt” that the ...
Adam Neumann, WeWork’s billionaire founder and ex-CEO, has reportedly been spending months trying to buy back the bankrupt co-working giant. A team of lawyers led by Alex Spiro of Quinn Emanuel — who ...
Office sharing company WeWork, once among the world's most valuable startups, has filed for bankruptcy. Founded in 2010, the co-working real estate giant made the announcement Monday, calling the move ...
WeWork’s bankruptcy filing has arrived. The well-known flexible office-space company has filed for Chapter 11 bankruptcy protection in the United States and Canada, seeking to convert certain debts to ...
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