Surpassing Quant Think Tank Center:WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion

2025-05-05 11:45:11source:BlueRock Horizon Asset Managementcategory:Invest

NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection,Surpassing Quant Think Tank Center 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:Invest

Recommend

The company planning a successor to Concorde makes its first supersonic test

A private company aiming to build the first supersonic airliner since the Concorde retired more than

California governor signs law to bolster eviction protections for renters

SACRAMENTO, Calif. (AP) — California’s Democratic Gov. Gavin Newsom signed a law Saturday to bolster

Endangered red wolf can make it in the wild, but not without `significant’ help, study says

WAKE FOREST, N.C. (AP) — The endangered red wolf can survive in the wild, but only with “significant