* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 30, 2025
Earth-News
  • Home
  • Business
  • Entertainment

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

WeWork Files For Chapter 11 Bankruptcy

November 7, 2023
in General
WeWork Files For Chapter 11 Bankruptcy
Share on FacebookShare on Twitter

Topline

WeWork, which provides coworking spaces, filed for Chapter 11 bankruptcy on Monday, capping off a dramatic collapse for a company once valued at $47 billion.

Signage for shared office giant WeWork is seen outside a building in Seoul.

AFP via Getty Images

Key Facts

In a press release, WeWork said 92% of its secured debt holders had agreed to its restructuring plan that will wipe out around $3 billion of debt.

As part of the reorganization, the company will cut down on its commercial office leases.

In its filing with the New Jersey bankruptcy court, WeWork disclosed it holds around $15 billion in assets and $18.6 billion in debts.

The company’s filing also showed it owes around $100 million in lease termination fees and unpaid rent—although it intends to dispute some of those claims.

Big Number

$44.5 million. That was the company’s valuation when markets closed on Friday, with WeWork’s stock price down to 83 cents. The company’s stock has fallen 98.5% since the start of the year and more than 99% since it went public through a SPAC merger in 2021.

Crucial Quote

In a statement Monday, WeWork co-founder Adam Neumann called the company’s bankruptcy filing “disappointing.” He added: “It has been challenging for me to watch from the sidelines since 2019 as WeWork has failed to take advantage of a product that is more relevant today than ever before. I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully.”

Key Background

The coworking space rental company, backed by SoftBank’s Vision Fund, was once valued at $47 billion—making it one of the most valuable startups in the world. However, the company’s fortunes took a turn for the worse as it prepared to go public in 2019. In its IPO filing that year, the startup disclosed it had lost $1.9 billion in the preceding twelve months. This was followed by a Wall Street Journal investigative report about the company’s then-CEO Adam Neumann’s controversial management style. Neumann left WeWork later that year as the company was bailed out by SoftBank. Following its takeover, SoftBank progressively slashed the valuation of the company as its financial situation was made worse by the Covid-19 pandemic when people were forced to work from home. The company eventually went public through a SPAC merger in 2021.

Further Reading

WeWork Files for Bankruptcy Amid Glut of Empty Offices (New York Times)

How Adam Neumann’s Over-the-Top Style Built WeWork. ‘This Is Not the Way Everybody Behaves.’ (Wall Street Journal)

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Forbes – https://www.forbes.com/sites/siladityaray/2023/11/07/wework-files-for-chapter-11-bankruptcy/

Previous Post

Tesla Is Reportedly Planning To Build A Sub-$27,000 Car At Its Berlin Factory

Next Post

Elon Musk’s Artificial Intelligence Startup xAI Will Merge With X After Releasing ‘Rebellious’ Grok Chatbot

Timelapse Shows New Mega Port at World’s Biggest Construction Site – Newsweek

Timelapse Shows New Mega Port at World’s Biggest Construction Site – Newsweek

July 30, 2025
CBS News poll finds economy views improve slightly but outlook clouded by concern about price increases – CBS News

CBS News poll finds economy views improve slightly but outlook clouded by concern about price increases – CBS News

July 30, 2025

That’s (Political) Entertainment: When Theatre Meets Politics

July 30, 2025
Medicare and Medicaid: 60 Years of Health Care Reform – Medicare Rights Center

Medicare and Medicaid: Celebrating 60 Years of Transforming Health Care

July 30, 2025
Trump puts 50% tariffs on Brazil and copper, eliminates a tax loophole and hints at new deals – CNN

Trump Imposes 50% Tariffs on Brazilian Copper, Closes Tax Loophole, and Hints at New Trade Deals

July 30, 2025
Alessandroni: Congrats Was More Than Just A ‘Useful’ Sire – Yahoo Sports

Alessandroni: Congrats Proved to Be So Much More Than Just a ‘Useful’ Sire

July 30, 2025
Reducing nutrients in Puget Sound – Department of Ecology – State of Washington (.gov)

How Reducing Nutrient Pollution Can Revitalize Puget Sound’s Ecosystem

July 30, 2025
DOKTOR KABOOM! LOOK OUT! SCIENCE IS COMING Comes to the Coppell Center – BroadwayWorld.com

DOKTOR KABOOM! LOOK OUT! SCIENCE IS COMING Comes to the Coppell Center – BroadwayWorld.com

July 30, 2025
Building Resilience in Coastal Communities with NASA Earth Science – NASA Applied Sciences (.gov)

Building Resilient Coastal Communities: The Power of NASA Earth Science

July 30, 2025
Lifestyle Changes Can Slow Cognitive Decline as You Age, Pointer Study – HealthDay

Lifestyle Changes Can Slow Cognitive Decline as You Age, Pointer Study – HealthDay

July 30, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (746)
  • Economy (771)
  • Entertainment (21,651)
  • General (16,194)
  • Health (9,808)
  • Lifestyle (778)
  • News (22,149)
  • People (772)
  • Politics (780)
  • Science (15,983)
  • Sports (21,268)
  • Technology (15,750)
  • World (754)

Recent News

Timelapse Shows New Mega Port at World’s Biggest Construction Site – Newsweek

Timelapse Shows New Mega Port at World’s Biggest Construction Site – Newsweek

July 30, 2025
CBS News poll finds economy views improve slightly but outlook clouded by concern about price increases – CBS News

CBS News poll finds economy views improve slightly but outlook clouded by concern about price increases – CBS News

July 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version