WeWork, once valued at $40 billion, warns of possible bankruptcy as it submits ‘going concern’ notice
Four years ago, WeWork was preparing for a blockbuster IPO. Now the company is warning of possible bankruptcy. “Our losses and negative cash flows from operating activities raise substantial doubt about our ability to continue as a going concern,” WeWork said in a filing with the SEC on Tuesday. The spectacular collapse of a company once valued by SoftBank … Read more