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The only thing you had to do to make money in the stock market in 2023 was buy a low-fee index fund and sit on the couch. The S&P 500 Index shot up more than 20% and the Dow hit a record high this month.
WeWork has resolved landlords' objections to its bankruptcy financing agreement, saying on Monday that it had agreed to reserve a portion of any future loans in an account that will be used for rent payments.
WeWork leads crop of November bankruptcies as overall restructuring count drops from previous months
WeWork Inc.'s bankruptcy tipped the scales as the largest restructuring during a relatively quiet November, according to S&P Global Market Intelligence.
Shared office space provider WeWork Inc has appointed insider Claudio Hidalgo as chief operating officer, the company said on Tuesday.
WeWork said on Tuesday it had secured commitments for up to $682.5 million in debtor-in-possession financing from some of its lenders, weeks after the shared office space provider filed for bankruptcy protection.
WeWork Inc. WEWKQ, +5.81%, the once-hot office-sharing platform that filed for bankruptcy protection this month, said on Monday that Ernst & Young “will not seek to be retained” as its accounting firm and would thus no longer audit the company following its chapter 11 filing. WeWork, in a filing, said there was “no dispute” between the two.
Shares of beleaguered WeWork Inc. pulled back 20.7% in premarket trades Monday, after ending Friday's session up 23%.
Neumann, still a billionaire, is seen skateboarding and socializing and his wife Rebekah has a new life too.
WeWork was famous for huge coworking spaces with amenities like climbing walls and swimming pools. Industrious CEO Jamie Hodari said they saddled the company with big liabilities and weren't viable.
WeWork took us on a wild ride. A real estate company disguised as a tech startup, holding long-term leases and turning them around for short-term rentals.