Substantial Doubt News Today

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Donald Trump’s social network has lost $73m (£59m) since its launch last year and there is “substantial doubt” about its ability to keep operating, according to US filings.

The New York-based workspace-sharing company said Tuesday that its ability to stay in operation is contingent upon its ability to improve its liquidity and profitability over the next 12 months.

WeWork issued a so-called going concern warning to investors Tuesday — saying that it had "substantial doubt" that it can continue as a business.

WeWork is struggling to survive in a post-pandemic world. In announcing its earnings today, the flexible space provider said that “substantial doubt exists about the company’s ability to continue as a going concern.” WeWork has faced a number of challenges for years now, and with so many companies abandoning office space and more people being able to work remotely, demand for its co-working spaces has steadily declined over time.

Shares of the once globally hyped company fall by close to 24% in extended trading in New York.

Office-sharing company WeWork warned of 'substantial doubt' that it can continue. There are lessons for investors and firms running to AI.

WeWork warned investors that there is "substantial doubt" it can stay in business, marking a new twist in the troubled company's staggering rise, fall, rebirth, and potential imminent collapse.

Chicago’s troubled office market got more bad news when co-working giant WeWork announced Tuesday that “substantial doubt exists about the Company’s ability to continue as a going concern.” The New York City-based company is losing hundreds of millions each quarter, and is low on cash, according to its quarterly earnings report. WeWork occupies nine Chicago locations spread across the Loop, ...