WeWork raised doubt about its ability to stay in business as the co-working space provider faces losses and a dwindling cash pile amid major changes in the way people work
The co-working company issued a going-concern warning because its co-working clients are canceling their memberships at a faster clip than it expected.
The co-working company issued a going-concern warning because its co-working clients are canceling their memberships at a faster clip than it expectedArgentina Últimas Noticias, Argentina Titulares
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Wework raises going-concern doubt, shares tankWeWork Inc expresses significant doubt about its ability to continue as a going concern, resulting in a 19% drop in its shares during extended trading.
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WeWork flags 'substantial doubt' about its ability to stay in businessWeWork Inc. disclosed Tuesday that there’s “substantial doubt” about its ability to continue operating, as the company seeks to improve its financial positioning. Shares of the company, which provides co-working spaces, were down 33% in Tuesday’s after-hours trading. WeWork lost $397 million in the second quarter and has $680 million...
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WeWork expresses 'substantial doubt' about its ability to stay in businessWeWork's second quarter earnings release reveals that the company has concerns about its future due to losses, projected cash needs, and increased member turnover. The company's management has outlined a plan to improve its financial health, but acknowledges that its ability to continue operating is dependent on successful execution over the next year.
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WeWork expresses 'substantial doubt' about its futureWeWork has revealed concerns about its ability to continue operating as it tries to improve its financial situation. The company's shares dropped by 33% in after-hours trading. WeWork reported a loss of $397 million in the second quarter and currently has $680 million in liquidity.
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San Jose Office Building Tied to WeWork Exec Falls Behind on PaymentsA downtown San Jose office building, owned by a group that includes WeWork's co-founder, has missed at least one loan payment.
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WeWork warns of remaining 'going concern' and says bankruptcy is possibleWeWork has expressed doubt about its ability to continue operating as a 'going concern' due to mounting losses and dwindling cash. The company's stock price has been consistently below $1 and membership has been weaker than expected, partly due to a struggling economy.
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