WeWork

WeWork is a commercial real estate company that provides shared workspaces for technology startups and services for other enterprises.

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WeWork, Inc. engages in the provision of flexible workspace solutions. It offers access to office spaces, internet connection, and other shared facilities. The company was founded in 2010 and is headquartered in New York, NY.

In its Q2 earnings, the coworking company warns there are ‘substantial doubts' it can continue to operate. WeWork is warning investors there are “substantial doubts” it will be able to stay in business.

WeWork warns its days could be numbered

WeWork is struggling to survive in a post-pandemic world. In announcing its earnings today, the flexible space provider said that “substantial doubt exists about the company's ability to continue as a going concern.

WeWork goes from a $47B valuation to ‘subtantial doubts' about its ability to ‘continue as a going concern'

WeWork Inc. disclosed Tuesday that there's “substantial doubt” about its ability to continue operating, as the company seeks to improve its financial positioning.

WeWork flags ‘substantial doubt' about its ability to stay in business

NEW YORK--(BUSINESS WIRE)---- $WE #WeWork--WeWork Inc. (NYSE: WE) ("WeWork"), the leading global flexible space provider, disclosed financial results today for the three and six months ended June 30, 2023. Second quarter highlights include: Consolidated revenue for the second quarter 2023 was $844 million, an increase of 4% year-over-year and up 7% for the first half 2023 year-over-year. Net loss was $(397) million, a $238 million improvement year-over-year, and an improvement of $443 million for the first hal.

WeWork Reports Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)---- $WE #WeWork--WeWork Inc. (NYSE: WE), the leading global flexible space provider, today announced the appointment of Paul Aronzon, Founder of PSA Consulting; Paul Keglevic, former CEO, CFO and CRO of Energy Future Holdings; Elizabeth LaPuma, former Managing Director, Head of Balance Sheet Advisory at UBS, and Henry Miller, a Co-founder and retired Partner of Marblegate Asset Management, LLC, to the WeWork Board of Directors with immediate effect. “These new director appointments br.

WeWork Announces Board Updates

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Before U.S. markets opened on Monday, Tyson Foods posted earnings per share (EPS) and revenue that both missed consensus estimates.

Earnings Previews: Roblox, WeWork

NEW YORK--(BUSINESS WIRE)---- $WE #WeWork--WeWork Inc. (NYSE: WE) (“WeWork”), the leading global flexible space provider, today announced that on Tuesday, August 8, 2023, it will issue financial results for the second quarter ending June 30, 2023. The company will conduct a conference call at 8:00 A.M. EDT on Wednesday, August 9, 2023, following the release of its earnings materials. Earnings call details will be available on WeWork's Investor Relations website at investors.wework.com. Questions must be submit.

WeWork Announces Date of Second Quarter 2023 Results

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It's been a tough year for those in the business of shorting stocks, as a feared recession hasn't arrived, which has allowed the beaten-down of Corporate America to survive, if perhaps not thrive. According to HFR, hedge funds have returned just 3% this year, which makes sense given the terrible results for managers who are shorting securities.

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WeWork Inc., Carl's Jr., Unilever PLC, and Shell PLC are among around 400 Western companies slammed by Yale over their continuing presence in Russia, despite a major retreat from the country by more than 1,000 multinationals.

WeWork, Carl's Jr., Unilever and Shell among companies slammed by Yale over operations in Russia

WeWork is struggling because of the large vacancies for office spaces in the United States. It is burning a ton of cash.

Why Shares of WeWork Stock Have Collapsed So Far This Year

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WeWork may have been a great concept, but it was overbuilt when compared to the capital it had available. Kinder Morgan is a solid business in what is currently an exceptionally tough industry to compete in.

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WeWork Inc. WE, +0.23% said the departure of a board member caused the company's stock to fall out of compliance with New York Stock Exchange listing requirements, according to a filing with the Securities and Exchange Commission late Thursday. The company said board member Deven Parekh resigned from the company board last Friday, causing it to not have a majority of independent board members.

WeWork falls out of NYSE complaince after board member leaves

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The Federal Reserve has signaled it will pause rate hikes.  In the meantime, the U.S. consumer keeps spending.

CE 100 Index Soars 4.1% as Vroom, iRobot and WeWork Rally

WeWork Inc. WE, +13.16% shareholders overwhelmingly voted yes to a reverse split of the company's stock, according to a filing with the Securities and Exchange Commission late Friday. Shareholders approved a reverse split on the company stock in a range between 1-for-10 and 1-for-40, and the board will decide the final ratio.

WeWork stockholders vote for reverse stock split

The stock is trading around 20 cents, down more than 95 percent from October 2021 when it secured a stock market listing through a merger.

After Flushing $10 Billion, Why WeWork Is Not Working

WeWork did not invent shared office space, but it made it cool. It had 20 million square feet of offices and nearly 1,000 locations at its peak.

WeWork's End Is in Sight

Analysts at USB have slashed their price target for WeWork from US$2 to US$0.20 after the office space and workspace solutions provider posted weaker-than-expected first-quarter results and significant equity dilution following its recent restructuring.  WeWork's shares are currently trading at US$0.18.

WeWork price target slashed on weak 1Q results, increased risk profile

The company's top boss, a real estate industry veteran, abruptly left in May after growing frustrated with SoftBank, its largest shareholder and lender.

WeWork Faces More Turmoil After Its CEO Departs

A group of institutional investors are selling nearly 91 million shares of common stock. That is impacting the company, as it has fewer than 793 million shares outstanding.

Why WeWork Stock Plummeted by 13% Today

WeWork Inc. bonds have been sinking deeper into distressed territory after two top executives left the company on the heels of a complex debt restructuring.

WeQuit: WeWork bonds sink after top executives resign from cash-burning company

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WeWork Inc. WE, -2.56% said in a filing late Wednesday that Chief Financial Officer Andre Fernandez is resigning, effective June 1. This comes a little over a week after WeWork announced the departure of CEO Sandeep Mathrani.

WeWork CFO Andre Fernandez to resign

WeWork short-sellers have made a hefty $440 million in profits over the past year.  The big gains come on the back of a 96% plunge in the real-estate company's stock in the past 12 months.

WeWork short-sellers scoop up $440 million in profits as shares plunge 96% over the past year

WeWork Inc. (NYSE: WE) has moved close to a catastrophic failure.

News for WeWork Stock (WE)