May 28, 2024 Adam Neumann ‘shut out’ of WeWork buyback, capping a fraught saga between founder and company Rebuffed, Neumann slammed the plan to go with an offer that was $200 million less than his own as “unrealistic and unlikely to succeed.” BY Clint Rainey With two days until WeWork is expected to emerge from bankruptcy, … Continue reading Adam Neumann ‘shut out’ of WeWork buyback after company accepts a bid from Masa and former Softbank pals
By Kelly Cloonan February 07, 2024 Spotify’s posts subscriber growth: Spotify reported a 23% rise in monthly active users in the fourth quarter, which now total 602 million, just ahead of analysts’ expectations of 601.33 million. The rise, announced Tuesday, comes after the company raised subscriber prices and cut thousands of employees in a … Continue reading Today’s top business headlines: Spotify adds users, Boeing faces new pressures, and Adam Neumann eyes a WeWork comeback
By Sam Becker February 06, 2024 Adam Neumann’s plans for WeWork didn’t quite work out the way he hoped for the first go-around—so, why not try again? Neumann is reportedly trying to purchase the bankrupt WeWork, according to the New York Times‘s DealBook. The famed entrepreneur, who currently leads the real estate startup Flow, … Continue reading WeBack? Adam Neumann reportedly wants to buy WeWork
By Yasmin Gagne November 09, 2023 This week, the coworking company WeWork, which was once valued at $47 billion, filed for bankruptcy. The Wall Street Journal reports that the company’s main backer, Softbank, lost more than $14 billion from its investments in the once high-flying startup. To understand how this all happened, we spoke … Continue reading What happened to WeWork?
By Associated Press November 07, 2023 NEW YORK (AP) — After months of signaling bankruptcy could be on the horizon, WeWork has officially filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around … Continue reading WeWork files for bankruptcy
By Michael Grothaus November 01, 2023 WeWork stock is plunging in pre-market trading on Wednesday after reports said the company is on the cusp of filing for bankruptcy. News of its impending bankruptcy announcement sent WeWork shares to an all-time low. Here’s what you need to know. What’s happened? (November 18, 2023) The Wall … Continue reading WeWork stock price falls to an all-time low after bankruptcy report
By Chris Morris April 20, 2023 After hemorrhaging cash for years, WeWork is now facing a possible delisting by the New York Stock Exchange (NYSE). The company announced this week that it had received a “continued listing standard notice” from the exchange, stating that, since April 11, 2023, it had fallen out of … Continue reading With its stock down 65% this year, WeWork is now at risk of being delisted from the NYSE
WeAdvertise: WeWork Joins Captivate’s Digital Ad Network by Joe Mandese @mp_joemandese, January 18, 2023 Captivate, the digital out-of-home advertising network that began by installing video screens in the elevators of high-rise office buildings, has added flexible workspace network WeWork as an affiliate. The deal adds more than 175 locations to Captivate’s network and brings its … Continue reading WeAdvertise: WeWork Joins Captivate’s Digital Ad Network
