The company filed for Chapter 11 bankruptcy in New Jersey as part of a 'comprehensive reorganization' of the office space leasing giant
Fitch downgraded the commercial real estate firm from a CC to a C, meaning a default or 'default-like' process has already begun
The struggling commercial real estate startup said that its leasing costs remain too high and it will look to exit underperforming locations
By WeWork's own admission, it is unlikely to last much longer. In order to survive, it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital
After only three years, Sandeep Mathrani is leaving the CEO position. WeWork board member David Tolley will take over in the interim
The coworking behemoth posted a net loss of $299M in the first quarter, a $205M improvement from a year earlier, according to Q1 earnings data released Tuesday morning
The embattled coworking giant posted a 75% quarterly gain in earnings before interest, taxes, depreciation and amortization — but still shouldered $26M in losses, according to Q4 earnings
The coworking space lost $568M in Q3, an improvement from the same period last year when it lost $802M, according to earnings Thursday. Its revenue hovered at $817M, a 24% lift from 2021
Net loss decreased 31% year over year as office occupancy returned to pre-pandemic levels, according to a Q2 earnings report released Thursday by WeWork
WeWork reported revenues of $765M, a 7% increase from the previous quarter and a 28% increase from the first quarter of 2021, according to an earnings call Thursday morning
The special purpose acquisition company merger will reportedly value the combined company at $9B, far below the $47B it was valued at just 2 years ago
The hottest topics for real estate investors this year ran the gamut — Airbnb's IPO, WeWork's new CEO, the vacation rental market's comeback, eviction bans and more
As the COVID-19 pandemic causes cancellations to spike, WeWork CEO Sandeep Mathrani is pitching a revenue-sharing deal to the company's largest landlords
Sandeep Mathrani, previously the CEO of Brookfield Properties' retail group, has deep ties to the real estate industry