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

2025-04-30 21:07:05source:Alaric Bennettcategory:Stocks

NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection,Indexbit 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

Stamford Road collision sends motorcyclist flying; driver arrested

A motorcyclist was taken to hospital following an accident involving a car and his motorcycle at the

When does Spirit Christmas open? What to know about Spirit Halloween’s new holiday venture

Spirit Halloween's plot to take over Christmas is officially underway.Back in October, the retail ch

Lady Gaga Joins Wednesday Season 2 With Jenna Ortega, So Prepare to Have a Monster Ball

Lady Gaga is about to get all together ooky with the Addams Family.The "Die With a Smile" singer has