[theold]

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-f...uptcy.html