SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy
SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy
www.reuters.com SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy
WeWork, whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection after its bets on companies using more of its office-sharing space soured.
Nothing unexpected.
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Notably, it's Chapter 11 bankruptcy, so they are clearly trying to revive the company by renegotiating their debts.