CEO of WeWork-advisor Perella Weinberg says office-sharing business 'really, really good'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

'Having gotten so involved in this, the core of the business is a really, really good business,' WeWork advisor Peter Weinberg says.

it was poised to continue its global growth, with a value at $47 billion, and make its public debut. However, in August, WeWork revealed a $900 million loss in its prospectus; pulled its initial public offering after concerns about a failing valuation and its corporate governance structure; and fired its CEO and top stakeholder Adam Neumann.

Shortly after Neumann stepped down, Weinberg said WeWork's special committee of the board brought on his Perella Weinberg Partners in late September to find a "financial solution."

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:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Lol

really, really good = sell f-ing amazing!!! = hold and buy

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines