Tag Archives: WeWork

WeWork reportedly to file for bankruptcy as soon as next week

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The company that once embodied the future of the workplace, which at its peak was valued at $47 billion, is reportedly considering filing a chapter 11 petition in New Jersey. Continue reading →

‘Substantial doubt’ that WeWork can stay afloat, company says

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By WeWork’s own admission, it is unlikely to last as a company much longer. In order to survive, an earnings report said it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital through debt or eq… Continue reading →

WeWork takes bite out of losses as debt overhaul starts to pay off in Q1

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The co-working behemoth posted a net loss of $299 million in the first quarter, a $205 million improvement from a year earlier, according to Q1 earnings data released Tuesday morning. Continue reading →

Forget Flow: These ‘Rental Rewards’ disruptors already flooded the zone

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Former WeWork CEO Adam Neumann is getting into rentals and property management with his latest effort, Flow. But these renter-reward companies are already flooding the rental sector. Continue reading →

WeWork hits an earnings milestone in Q4 — but remains deep in the red

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The embattled coworking giant posted a 75 percent quarterly gain in earnings before interest, taxes, depreciation and amortization — but still shouldered $26 million in losses, according to Q4 earnings on Thursday. Continue reading →