Current:Home > StocksWeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion -DataFinance
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
View
Date:2025-04-14 01:30:42
NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world.
The company offered few specifics about the course of its restructuring, but noted in its filing that it was requesting the ability to cancel leases in particular locations that WeWork described as largely non-operational. All affected members have received advanced notice, the company said in a late Monday announcement.
veryGood! (4191)
Related
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Morocco earthquake live updates: Aftershock rocks rescuers as death toll surpasses 2,000
- Islamist factions in a troubled Palestinian refugee camp in Lebanon say they will honor a cease-fire
- Art Briles was at Oklahoma game against SMU. Brent Venables says it is 'being dealt with'
- Meta releases AI model to enhance Metaverse experience
- Cowboys rip error-prone Giants 40-0 for worst shutout loss in the series between NFC East rivals
- Age and elected office: Concerns about performance outweigh benefits of experience
- Tyler Reddick wins in overtime at Kansas Speedway after three-wide move
- A South Texas lawmaker’s 15
- Thailand’s LGBTQ+ community draws tourists from China looking to be themselves
Ranking
- Sonya Massey's father decries possible release of former deputy charged with her death
- Russia’s election commission says the ruling party wins the most votes in occupied Ukrainian regions
- Vatican ordered investigation into Catholic clerics linked to abuse, Swiss Bishops’ Conference says
- Governor's temporary ban on carrying guns in public meets resistance
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Emily Blunt and John Krasinski and Their 2 Daughters Make Rare Public Family Appearance at U.S. Open
- What's going on with Cash App and Square? Payment services back up after reported outages
- Number of missing people after Maui wildfires drops to 66, Hawaii governor says
Recommendation
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Here’s Why Everyone Loves Candier Candles — And Why You Will, Too
Biden heads to India for G20 summit
Michigan State football coach Mel Tucker accused of sexually harassing rape survivor
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Husband of woman murdered with an ax convicted 40 years after her death
College football Week 2 winners, losers: Texas may really be back, Alabama seems in trouble
'Good Morning America' host Robin Roberts marries Amber Laign in 'magical' backyard ceremony