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Sunday Summary: WeTrouble

Sunday Summary: WeTrouble
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

What Substantial Doubt Over WeWork s Survival Could Mean for NYC s Office Market – Commercial Observer

What Substantial Doubt Over WeWork s Survival Could Mean for NYC s Office Market

Coworking giant WeWork has been no stranger to doom-and-gloom headlines since its very public near implosion in 2019, and this week has been no exception. The fallout from the last couple of days could not just decide the fate of the company’s stakeholders and thousands of employees, but also the immediate health of an already ailing office market where WeWork leases millions of square feet. On Tuesday, WeWork said it has “substantial doubt” about its ability to stay afloat as part of its second-quarter earnings call that revealed it continued to lose money and members.

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