WeWork will declare bankruptcy next week

WeWork will declare bankruptcy next week: Report

According to speculations, the office-sharing company WeWork may declare bankruptcy as soon as next week. On Tuesday, the company informed the US financial authority that it had reached an agreement with creditors to temporarily postpone payments on some of its debt. 

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In 2019, WeWork was valued at $47 billion. In the last year, it has lost about 98% of its stock market capitalization.

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