The troubled office-sharing company WeWork filed for bankruptcy on Monday, with court filing indicating the company has liabilities between $10billion and $50billion.
WeWork plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, as the company struggles with a massive debt pile and hefty losses.
Many of the world’s wealthiest people made their fortunes in real estate. Tycoons like Donald Bren, chair of Southern California-based Irvine Co., and Related Cos. Founder Stephen Ross made billions in the real estate industry. And despite the WeWork trainwreck, company Founder Adam Neumann can thank real estate for his $2.2 billion fortune.
The workspace-sharing company, which was once valued at $47 billion, told regulators there is substantial doubt about its ability to stay in business over the next year. But what caused its downfall?
CEO de WeWork critica el home office y desata una ola de críticas iprofesional.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iprofesional.com Daily Mail and Mail on Sunday newspapers.