From TechCrunch
By Mary Ann Azevedo
October 31, 2023
WeWork is on the verge of filing for Chapter 11 bankruptcy in New Jersey, according to sources cited by The Wall Street Journal. If WeWork does indeed file, it shouldn’t come as a shock to close followers of the flexible workspace provider. WeWork warned in August in its second-quarter earnings that “substantial doubt exists about the […]
© 2023 TechCrunch. All rights reserved. For personal use only.
WeWork reportedly on the verge of filing for bankruptcy, stock plummets
WeWork is on the verge of filing for Chapter 11 bankruptcy in New Jersey, according to sources cited by The Wall Street Journal. If WeWork does indeed file, it shouldn’t come as a shock to close followers of the flexible workspace provider. WeWork warned in August in its second-quarter earnings that “substantial doubt exists about the […]
Oct 31, 2023
WeWork, once worth $47 billion, files for bankruptcy
Flexible-office-space firm WeWork has filed for Chapter 11 bankruptcy protection, a stunning change in fortune for the once high-flying startup co-founded by Adam Neumann and bankrolled by SoftBank. The New York-based firm has listed both assets and liabilities in the range of $10 billion to $50 billion in its petition filed in a New Jersey federal […]
Nov 6, 2023
Fluid Truck files for Chapter 11 bankruptcy and pursues sale after leadership shakeup
Less than two months after Fluid Truck’s board ousted its sibling co-founders from their executive positions, the company has laid off 30% of its staff, filed for Chapter 11 bankruptcy protection, and found a potential buyer to take on the business, pending court approval, according to bankruptcy filings and information from a former employee. Fluid has also been approved on an interim basis as of today for a $7 million loan to keep the business operational and fund the restructuring and sale
Oct 18, 2024
WeWork, once valued at $47 billion, files for bankruptcy
Flexible office-space firm WeWork has filed for Chapter 11 bankruptcy protection, listing over $18.6 billion of debts in a remarkable collapse for the once high-flying startup co-founded by Adam Neumann and bankrolled by SoftBank, BlackRock and Goldman Sachs. The New York-based firm, which raised over $22 billion and was valued at $47 billion at its […]
Nov 6, 2023