SoftBank's WeWork, once most valuable U.S. startup, succumbs to bankruptcy

Philippines News News

SoftBank's WeWork, once most valuable U.S. startup, succumbs to bankruptcy
Philippines Latest News,Philippines Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

WeWork (WE.N), the SoftBank Group (9984.T)-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.

-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.

The European Commission on Monday ordered Alibaba's AliExpress to provide information on how it tackles illegal products, such as counterfeit goods, sold on its platform by Nov. 27 or face an investigation that could result in fines.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SoftBank's WeWork, once most valuable U.S. startup, succumbs to bankruptcySoftBank's WeWork, once most valuable U.S. startup, succumbs to bankruptcySoftBank's WeWork, once most valuable U.S. startup, succumbs to bankruptcy
Read more »

WeWork’s multibillion-dollar rescue couldn’t save it from office bustWeWork’s multibillion-dollar rescue couldn’t save it from office bustWeWork hailed a multibillion-dollar rescue package announced earlier this year as a fresh start. Now it's on the verge of filing for bankruptcy.
Read more »

El icono del 'coworking' WeWork deja de cotizar en Wall Street entre rumores de bancarrotaEl icono del 'coworking' WeWork deja de cotizar en Wall Street entre rumores de bancarrotaLa empresa estadounidense WeWork, que se había convertido de un icono del 'coworking', dejó de cotizar este lunes a la espera de 'noticias pendientes' en medio de los rumores de su posible bancarrota.
Read more »

WeWork, once valued at $47 billion, files for bankruptcyWeWork, once valued at $47 billion, files for bankruptcyOffice-sharing company WeWork filed for Chapter 11 bankruptcy protection in federal court Monday.
Read more »

WeWork, once valued at $47 billion, files for bankruptcyWeWork, once valued at $47 billion, files for bankruptcyOffice-sharing company WeWork filed for Chapter 11 bankruptcy protection in federal court Monday.
Read more »

Trading in WeWork shares halted amid reports of possible bankruptcy filingTrading in WeWork shares halted amid reports of possible bankruptcy filingTrading in WeWork shares halted amid reports of possible bankruptcy filing
Read more »



Render Time: 2025-08-27 16:48:58