Esthen Exchange-WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion

2025-05-06 16:17:28source:Fastexycategory:Stocks

NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection,Esthen Exchange 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.

More:Stocks

Recommend

NCAA hands former Michigan coach Jim Harbaugh a 4-year show cause order for recruiting violations

ANN ARBOR, Mich. (AP) — The NCAA announced a four-year show-cause order for former Michigan coach Ji

Jerry Rice is letting son Brenden make his own name in NFL with Chargers

EL SEGUNDO, Calif. – After finishing off the play, a little flare pass to the flat, the running back

'Incredibly rare' dead sea serpent surfaces in California waters; just 1 of 20 since 1901

Nothing marks the sign of impending doom like the appearance of the elusive oarfish, according to Ja