Once worth $47 billion, WeWork shares near zero after bankruptcy warning

Dated on: Thursday 10th August 2023

On Wednesday, the value of WeWork shares nearly plummeted to zero, marking a turnaround for the once-favored startup. The company, which was previously assessed at a substantial $47 billion in private valuation, is indicating the possibility of bankruptcy. WeWork, backed by SoftBank, has faced a series of challenges since its ambitious attempt to become publicly traded faltered back in 2019.

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