{"id":85536,"date":"2023-08-09T00:13:05","date_gmt":"2023-08-09T04:13:05","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=85536"},"modified":"2023-08-08T23:03:53","modified_gmt":"2023-08-09T03:03:53","slug":"from-40-billion-to-going-concern-wework-warns-of-possible-bankruptcy","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2023\/from-40-billion-to-going-concern-wework-warns-of-possible-bankruptcy.html","title":{"rendered":"From $40 billion to \u2018going concern\u2019 \u2014 WeWork warns of possible bankruptcy"},"content":{"rendered":"\n<p>(CNBC) Four years ago <a href=\"https:\/\/www.cnbc.com\/quotes\/WE\/\">WeWork<\/a> was preparing for a blockbuster IPO. Now the company is warning of possible bankruptcy. \u201cOur losses and negative cash flows from operating activities raise substantial doubt about our ability to continue as a going concern,\u201d WeWork said in a <a rel=\"noreferrer noopener\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1813756\/000181375623000059\/we-20230630.htm\" target=\"_blank\">filing<\/a> with the SEC on Tuesday. The spectacular collapse of a company once valued by SoftBank at <a href=\"https:\/\/www.cnbc.com\/2018\/10\/10\/softbank-in-talks-to-buy-majority-stake-in-loss-making-wework-source.html\">$40 billion<\/a> has been years in the making, but is still surprising given the number of large commercial buildings around the world that don the company\u2019s name.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/08\/08\/wework-warns-of-remaining-going-concern-and-says-bankruptcy-possible.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Four years ago WeWork was preparing for a blockbuster IPO. Now the company is warning of possible bankruptcy. \u201cOur losses and negative cash flows from operating activities raise substantial doubt about our ability to continue as a going concern,\u201d [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85536","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=85536"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85536\/revisions"}],"predecessor-version":[{"id":85537,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/85536\/revisions\/85537"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=85536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=85536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=85536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}