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Co-working firm WeWork files for bankruptcy in US amid office real estate downturn

By France24
11 November 2023   |   1:30 pm
  WeWork, bankruptcy ,US , real estate  WeWork, the desk renting company co-founded by Adam Neumann, has filed for bankruptcy in order to deal with its $13 billion in outstanding lease obligations. The group, which was once valued at $47 billion, saw its meteoric rise thwarted in 2019 when its heavy losses were exposed and during the Covid-19 pandemic with the advent of remote work.

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