WeWork raised "substantial doubt" about its future existence on Tuesday, adding another twist to a dizzying journey that has markedThe co-working space provider warned investors that, facing losses and fleeing clients, "substantial doubt exists about the Company’s ability to continue as a going concern," according to its second quarter earnings report. Management laid out plans to improve liquidity and profitability over the next year. But Wall Street recoiled.
. Neumann stepped down. Later, in a new incarnation, WeWork went public in 2021 through a merger with a special purpose acquisition company.WeWork's dramatic fall from startup grace captivated the tech and media worlds. In news reporting and dramatic adaptations, WeWork's fall was a story about hubris, greed, and a financial system filled with kowtowing enablers.
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WeWork warns it might go out of businessSAN FRANCISCO: Embattled office-sharing firm WeWork on Tuesday (Aug 8) 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 (SEC) that 'substantial doubt exists about th
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »
WeWork warns it might go out of businessSAN FRANCISCO: Embattled office-sharing firm WeWork on Tuesday (Aug 8) 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 (SEC) that 'substantial doubt exists about th
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »
Energy company Inpex raises profit forecast, seeks to boost valueTOKYO : Japanese oil and gas explorer Inpex on Wednesday raised its full year net profit forecast by 7 per cent and announced measures to boost the company's value and shareholder returns, including a dividend increase and share buyback.To address the country's number of undervalued stocks, Tokyo Stock E
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Manager Lopetegui parts company with WolvesSpanish manager Julen Lopetegui has left Wolverhampton Wanderers after less than a year in charge following differences of opinion, the Premier League club announced on Tuesday (Aug 8), three days before the start of the new season. Neither party gave detailed reasons for the Spaniard's departure but Briti
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »