Things are not working out for WeWork
The Weekend Brief offers analysis and insights on one big news item of the week, delivered only to Quartz members.
WeWork has filed for protection under Chapter 11 of the US Bankruptcy Code. The coworking startup, once worth $47 billion and Softbank’s darling, has started a massive reorganization to bolster its capital structure and financial performance.
Tomorrow, the Weekend Brief will look at WeWork’s years-long fall from grace and how the company is looking to improve its balance sheet.
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