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WeWork, Once Worth $47 Billion, Files for Bankruptcy
Posted
November 7, 2023
Views
3,198
Likes
44
Comments
2
Engagement
1.44%
November 7, 2023
3,198
44
2
1.44%
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0:21Now Playing#WeWork filed for #bankruptcy, capping a tumultuous period that saw the once high-flying startup navigate a failed initial public offering, Covid-19 lockdowns, a blank-check merger and slow return-to-office trends. The company — which at its 2019 peak commanded a $47 billion valuation — listed $19 billion of liabilities and $15 billion of assets in its bankruptcy petition in New Jersey on Monday. The Chapter 11 filing allows WeWork to continue operating while working out creditor repayment terms. #business
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