Archive List for WeWork

WeWork (WE) filed for Chapter 11 bankruptcy on Monday, consenting to a restructuring agreement for its investors to pay off $4 billion in debt. The shared workspace company was hit by a massive shift in how and where office workers perform their duties from the COVID-19 pandemic and debates over work-from-home policies. The company looks to further reduce its commercial real estate portfolio, much to the chagrin of landlords. Yahoo Finance Reporter Dani Romero joins the Live show to break down how landlords will be impacted by the Chapter 11 filing. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance […]

Before the pandemic, WeWork (WE) was valued at $47 billion, quite the high for a company that just filed for Chapter 11 bankruptcy on Monday. According to Bloomberg, the company’s first appearance in bankruptcy court will be on Wednesday, to settle the $4 billion debt it can’t afford to pay back. The George Washington University School of Business Professor Christopher Kayes joins Yahoo Finance to discuss WeWork’s fall from grace as a startup darling, how it got to this point, and whether or not the original valuation was overhyped. “This is a company that never really had a business model that met the overhyped expectations that were placed on it. […]

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