WeWork, the SoftBank Group-backed startup once valued as the most valuable US startup, has filed for bankruptcy. The company sought US bankruptcy protection after its bets on companies using more of its office-sharing space failed. WeWork's bankruptcy filing reflects the challenges it faced with expensive leases and cancellations by corporate clients. Backer SoftBank acknowledges that the company cannot survive unless it renegotiates its pricey leases in bankruptcy. The bankruptcy filing highlights the impact of rising rates and the stalled return-to-office movement on the office space industry.
WeWork's bankruptcy filing this week offers a firsthand glimpse at how the collision of rapidly rising rates with the stalled return-to-office movement is roiling the office space industry. https://t.co/OuzIUIbcg2
WATCH: Office-sharing giant WeWork has filed for bankruptcy. The move represents an admission by backer SoftBank that the company cannot survive unless it renegotiates its pricey leases in bankruptcy https://t.co/77Kr7pExOM https://t.co/C4Fxz4TUF2
Office-sharing giant WeWork has filed for bankruptcy. The move represents an admission by backer SoftBank that the company cannot survive unless it renegotiates its pricey leases in bankruptcy https://t.co/ujWvgrCHLp https://t.co/qZCnZDEgYf
SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy https://t.co/xPlpK9S91D https://t.co/Iacc3ZyvJV
WATCH: WeWork, once the most valuable US startup, filed for bankruptcy as the office-sharing firm grappled with expensive leases and cancelations by corporate clients https://t.co/77Kr7pDZZe https://t.co/IBzLoW7eZg
WeWork, once the most valuable US startup, filed for bankruptcy as the office-sharing firm grappled with expensive leases and cancelations by corporate clients https://t.co/ujWvgrCHLp https://t.co/f22e4A2vac
Just four years ago, it was America’s most valuable startup. A bankruptcy filing now caps WeWork’s remarkable collapse. https://t.co/MnRgWhvVFy https://t.co/MnRgWhvVFy
SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy https://t.co/MwgcsnKLkh
WATCH: WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection after its bets on companies using more of its office-sharing space soured https://t.co/77Kr7pDZZe https://t.co/bW5AIDCr4M
WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection after its bets on companies using more of its office-sharing space soured https://t.co/ujWvgrCHLp https://t.co/lrPOhCDZ5X
SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy https://t.co/fvgQHEQ52a https://t.co/fK3jNXcMk0