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WeWork, once valued at $47 billion, files for bankruptcy - Printable Version

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+--- Thread: WeWork, once valued at $47 billion, files for bankruptcy (/Thread-WeWork-once-valued-at-47-billion-files-for-bankruptcy)

WeWork, once valued at $47 billion, files for bankruptcy - theold - 07-11-2023

WeWork debuted through a special purpose acquisition company in 2021 but has since lost about 98% of its value. The company in mid-August announced a 1-for-40 reverse stock split to get its shares trading back above $1, a requirement for keeping its New York Stock Exchange listing.

WeWork shares had fallen to a low of about 10 cents and were trading at about 83 cents before the stock was halted Monday.

https://www.cnbc.com/2023/11/07/wework-files-for-bankruptcy.html

RE: WeWork, once valued at $47 billion, files for bankruptcy - red3 - 07-11-2023

Power lah

RE: WeWork, once valued at $47 billion, files for bankruptcy - Niubee - 07-11-2023

https://www.livemint.com/lm-img/img/2023/11/07/600x338/2-0-1422632107-063-683396690-0_1679751104148_1699335634590.jpg

RE: WeWork, once valued at $47 billion, files for bankruptcy - Blasterlord2 - 07-11-2023

Temasek Holdings lost how much money?

RE: WeWork, once valued at $47 billion, files for bankruptcy - Manthink - 07-11-2023

(07-11-2023, 09:52 PM)theold Wrote:  WeWork debuted through a special purpose acquisition company in 2021 but has since lost about 98% of its value. The company in mid-August announced a 1-for-40 reverse stock split to get its shares trading back above $1, a requirement for keeping its New York Stock Exchange listing.
WeWork shares had fallen to a low of about 10 cents and were trading at about 83 cents before the stock was halted Monday.

https://www.cnbc.com/2023/11/07/wework-files-for-bankruptcy.html

This real-estate US-coy has a very interesting history... Big Grin

- 1st CEO and co founder is an Israeli-American who was forced to quit the WeWork after kenna caught playing scam during IPO attempt in 2019
- 2nd CEO is an Indian-American quit in June this year after can't get $ from its major investor Soft-bank..

https://www.nytimes.com/2023/06/12/business/wework-softbank-sandeep-mathrani.html

https://en.wikipedia.org/wiki/Adam_Neumann

RE: WeWork, once valued at $47 billion, files for bankruptcy - [[ForeverAlone]] - 07-11-2023

weird, they claim SG side never close or retrench people.

I doubt so, more likely is next month or early next year.

RE: WeWork, once valued at $47 billion, files for bankruptcy - Manthink - 07-11-2023

And who is one of  WeWork's biggest investor who got suckered into a property-centric startup that supposed to worth "billions" ?

Japan's Softbank. Big Grin

[Image: 2048x1273px]

RE: WeWork, once valued at $47 billion, files for bankruptcy - Manthink - 07-11-2023

(07-11-2023, 11:16 PM)[[ForeverAlone]] Wrote:  weird, they claim SG side never close or retrench people.
I doubt so, more likely is next month or early next year.

I think you had been living under a deep deep Well...Only in M'sian were promised their career and jobs are Iron Rice Bowl...until 1MDB etc etc....happen... Big Grin

RE: WeWork, once valued at $47 billion, files for bankruptcy - [[ForeverAlone]] - 07-11-2023

(07-11-2023, 11:22 PM)Manthink Wrote:  I think you had been living under a deep deep Well...Only in M'sian were promised their career and jobs are Iron Rice Bowl...until 1MDB etc etc....happen... Big Grin

Smile is Mainstream report claim WeWork say SG side never close shop " which I doubt so surely will "

https://www.facebook.com/TheStraitsTimes/posts/pfbid02mgv2PwHn78tQVVVWakjsaWjXbuTHdZ8fewLSk7FPZgH44zM1mEKrtPt88FjNgwf9l?__cft__

RE: WeWork, once valued at $47 billion, files for bankruptcy - Manthink - 07-11-2023

(07-11-2023, 10:12 PM)Niubee Wrote:  https://www.livemint.com/lm-img/img/2023/11/07/600x338/2-0-1422632107-063-683396690-0_1679751104148_1699335634590.jpg

Nothing beats giving the good impression of being Rich, Successful, Dynamic, Charismatic and Persuasive as SBF,  Elizabeth Holmes or even our Kong Hee ... Big Grin


[Image: scammers-SBFHomes.jpg]

RE: WeWork, once valued at $47 billion, files for bankruptcy - Manthink - 07-11-2023

(07-11-2023, 11:25 PM)[[ForeverAlone]] Wrote:  Smile is Mainstream report claim WeWork say SG side never close shop " which I doubt so surely will "

Last time I thought Softbank people are too smart to be suckered by WeWork that didn't work..

Now [[ForeverAlone]] does better being by being smarter in believing in "Mainstream report" Big Grin

RE: WeWork, once valued at $47 billion, files for bankruptcy - zzzzzzz - 07-11-2023

looks like it is not working well for wework
Frown

RE: WeWork, once valued at $47 billion, files for bankruptcy - Manthink - 07-11-2023

(07-11-2023, 11:42 PM)zzzzzzz Wrote:  looks like it is not working well for wework
Frown

It is all too familiar -- when something looks too good to be true...

If this happens in China, those scammers will be jailed in no time. Big Grin


[Image: Rise-and-Fall-of-WeWork_06.jpg]

RE: WeWork, once valued at $47 billion, files for bankruptcy - Sentinel - 08-11-2023

Already said, it's all in the name

Who likes to work?

So WeWork is doomed to fail right from the start

RE: WeWork, once valued at $47 billion, files for bankruptcy - victortan - 08-11-2023

This big name fail means more bad time ahead or what???

i think so,

another black swan event on the horizon??? akan datang.

RE: WeWork, once valued at $47 billion, files for bankruptcy - Manthink - 08-11-2023

(08-11-2023, 01:49 AM)victortan Wrote:  This big name fail means more bad time ahead or what???

i think so,

another black swan event on the horizon??? akan datang.

Ukraine War in 2022, Israel-Gaza War in 2023....Seems more Black Swan event in 2024...When US heads for presidential election.