07-11-2023 05:04 via theverge.com

The WeWork soap opera’s latest episode includes filing for bankruptcy

Illustration by Alex Castro / The Verge Co-working office space provider WeWork has filed for bankruptcy covering its locations in the US and Canada, and in a filing, it said it had liabilities of between $10 and $50 billion.
It’s the latest turn for a company that went from being valued at $47 billion in January 2019 to unsuccessfully attempting an IPO later that year. Investors were unimpressed with a company that counted its founder and CEO, Adam Neumann, as a significant risk factor.
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