WeWork warns it might go out of business | The Malaysian Insight

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WeWork warns it might go out of business

WeWork has lost billions of dollars during the first six months of 2023, with macroeconomic conditions weakening demand for its shared office spaces. – EPA pic, August 9, 2023.

EMBATTLED office-sharing firm WeWork yesterday warned US regulators that it is worried about its survival. Citing financial losses, cash needs, and a drop in memberships, WeWork said in a filing with the Securities and Exchange Commission that “substantial doubt exists about the company’s ability to continue as a going concern”.

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