Current:Home > StocksWeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion-LoTradeCoin
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
View Date:2024-12-23 21:02:25
NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, 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.
veryGood! (3686)
Related
- Alexandra Daddario shares first postpartum photo of baby: 'Women's bodies are amazing'
- Ex-police officer, facing charges in a Mississippi slaying after a chase into Louisiana, denied bond
- Did any LIV Golf players make Masters cut? Yep. In fact, one of them is tied for the lead.
- Memphis police officer shot and killed while responding to suspicious vehicle report; 1 suspect dead
- Former West Virginia jail officer pleads guilty to civil rights violation in fatal assault on inmate
- 1 dead after shuttle bus crashes at a Honolulu cruise ship terminal
- Kris Jenner's Sister Karen Houghton's Cause of Death Revealed
- You’ve heard of Octomom – but Octopus dad is the internet’s latest obsession
- My Little Pony finally hits the Toy Hall of Fame, alongside Phase 10 and Transformers
- Jury visits a ranch near US-Mexico border where an Arizona man is charged with killing a migrant
Ranking
- Minnesota man is free after 16 years in prison for murder that prosecutors say he didn’t commit
- 1 dead, 13 injured after man crashes truck into Texas Department of Public Safety building
- Colorado inmate overpowers deputy, escapes hospital; considered 'extremely dangerous'
- How to be a good loser: 4 tips parents and kids can take from Caitlin Clark, NCAA finals
- Statue of the late US Rep. John Lewis, a civil rights icon, is unveiled in his native Alabama
- House approves bill renewing FISA spy program after GOP upheaval threatened passage
- Atlanta United hosts Philadelphia Union; Messi's Inter Miami plays at Arrowhead Stadium
- In-N-Out makes price pledge with California minimum wage law, as others raise rates, slash staff
Recommendation
-
Lane Kiffin puts heat on CFP bracket after Ole Miss pounds Georgia. So, who's left out?
-
Teen Mom's Maci Bookout and Taylor McKinney Reveal the Biggest Struggle in Their 7-Year Marriage
-
'I can't believe that': Watch hundreds of baby emperor penguins jump off huge ice cliff
-
Biden’s ballot access in Ohio and Alabama is in the hands of Republican election chiefs, lawmakers
-
The White Stripes drop lawsuit against Donald Trump over 'Seven Nation Army' use
-
Tiger Woods grinds through 23 holes at the Masters and somehow gets better. How?
-
Oldest living conjoined twins, Lori and George Schappell, die at 62
-
These Are Our Editors' Holy Grail Drugstore Picks & They’re All on Sale
Like
- Five best fits for Alex Bregman: Will Astros homegrown star leave as free agent?
- Julian Assange's wife takes hope as Biden says U.S. considering dropping charges against WikiLeaks founder
- Houston hospital halts liver and kidney transplants after doctor allegedly manipulates some records for candidates