'WeWork Plans to File for Bankruptcy as Early as Next Week' -WSJ
Portfolio Pulse from Benzinga Newsdesk
WeWork is planning to file for bankruptcy as early as next week, according to a report by the Wall Street Journal. The co-working space provider has been struggling with financial issues for some time now.
October 31, 2023 | 8:25 pm
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WeWork's reported plan to file for bankruptcy could negatively impact its stock price in the short term.
Bankruptcy filings typically lead to a decrease in the stock price as it indicates financial distress and uncertainty about the company's future. Given WeWork's already existing financial struggles, this news could further erode investor confidence.
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