: WeWork files for bankruptcy, capping a stunning downfall

Office-sharing company WeWork Inc. filed for chapter 11 bankruptcy protection in New Jersey on Monday, after a decade of financial turmoil and four years since it was valued at $47 billion valuation.In a statement Monday night, WeWork said it has entered into a restructuring agreement with lenders holding about 93% of its secured notes, to “drastically reduce” its debt load. The company also said it is requesting the ability to reject certain leases, at locations it called “lar