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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