Company
WeWork Inc
NYSE:WE
WeWork Inc is a global flexible space provider. After agreeing a merger with BowX Acquisition Corp, a special purpose acquisition company, and listed in October 2021. WeWork opened its first location in New York City in 2010 and at the time of listing had more than 850 locations in over 150 cities around the world.
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WeWork rivals rush to pick the bones after bankruptcy filing
Once valued at almost US$47 billion, the firm's equity is now worth less than US$50 million
WeWork intends to skip bond interest payments, despite available liquidity
30-day grace period initiated, leading to negotiations with bondholders