Wework: Shares Plunge After Reports Say Firm Is Filing For Bankruptcy

2nd November 2023

Shares in the troubled office-sharing firm WeWork plunged on Wednesday, following reports it could file for bankruptcy as early as next week.

Its shares fell by more than 50% in early trade in New York.

The firm was once seen as the future of the office. But it has been plagued by problems, including a disastrous attempt in 2019 to sell shares to the public and the exit of its co-founder.

As of the end of June WeWork had 777 locations in 39 countries around the world, according to the company.

Read the full story at BBC