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News@lemmy.world · 8 months ago

Once valued at $47 billion, coworking-space provider WeWork nears bankruptcy

arstechnica.com

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Once valued at $47 billion, coworking-space provider WeWork nears bankruptcy

arstechnica.com

ickplant@lemmy.world to

News@lemmy.world · 8 months ago

WeWork bankruptcy filing may happen next week as market cap falls to $60 million.

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8 months ago
eh. WeWork never posted actual profits. They relied on venture capital to stay floating.

The venture capital is running out because, it turns out, venture capitalists like to see returns on their investments. it’s different than twitter, IMO.

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