WeWork, the New York-based co-working company, experienced a steep decline in its shares by 23% to $2.28 following a recent decision to withhold interest payments due Monday. Struggling to restructure its business, WeWork is facing a precarious financial situation. Declining Stock Performance WeWork's shares have dropped a staggering 96% this year, relentlessly plummeting … [Read more...] about WeWork Faces Financial Challenge as Shares Plummet
WeWork
WeWork Looks to Renegotiate Leases and Reinvest in Key Properties
WeWork Inc., the office-sharing company that faced a potential financial crisis in August, announced on Wednesday its intentions to renegotiate global leases as part of its efforts to reduce operating costs. In order to achieve this, the company plans to exit "unfit and underperforming locations" while reinvesting in its strongest assets. According to Chief Executive David … [Read more...] about WeWork Looks to Renegotiate Leases and Reinvest in Key Properties
