• CNBC, Tuesday, November 7, 2023 6:17 PM

The office sharing company WeWork is filing for Chapter 11 bankruptcy protection in federal court. "WeWork has suffered one of the most spectacular corporate collapses in recent U.S. history over the past few years," per CNBC. "Valued in 2019 at $47 billion in a round led by Masayoshi Son’s SoftBank, the company tried and failed to go public five years ago. The Covid pandemic caused further pain as many companies abruptly ended their leases, and the economic slump that followed led even more clients to close their doors."

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