Sunday 3 December 2023

[Post 303] How WeWork Went From $47B Startup to Bankrupt Penny Stock | WSJ What Went Wrong


WeWork, once a-venture-capital darling, has filed for Chapter 11 bankruptcy. Co-founded in 2010 by Adam Neumann, the filing marks a reversal for the company that specialized in leasing shared workspaces and was once valued at $47 billion. 

WSJ breaks down how the desk-rental company went from one of the world’s most valuable startups to a bankrupt penny stock.

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