Friday, November 22, 2024
Startups

WeWork, once valued at $47 billion, files for bankruptcy

Flexible-office-space firm WeWork has filed for Chapter 11 bankruptcy protection, 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 peak, has listed both assets and liabilities in […]

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