Several of WeWork's landlords decried the company's "hardball tactics", saying that U.S. bankruptcy law requires companies to keep up with rent for properties that they continue to use.
Co-working firm WeWork, which once had a valuation of over USD 47 billion, has decided to file for bankruptcy after constantly plummeting stock and business loss.
WeWork was once the most valuable US startup, worth $47 billion. It courted investments from blue-chip investors, including SoftBank and venture capital firm Benchmark, as well as major Wall Street Banks including JPMorgan Chase.