Page 20 - Wework News Today

WeWork’s bankruptcy, the jailing of Sam Bankman-Fried and the collapse of the NFT market are all inevitable, investor-ruining consequences of an extended period of ultra-low rates

In filing for bankruptcy, WeWork finally succumbed to the pandemic

Plus: Growing colors can help the planet.

World Street is a curated list of key developments and trends in the global financial world, from the marbled corridors of Wall Street to the dusty mines of Latin America. Get a bird’s eye view of the global equity markets, bonds, commodities and consumer trends shaping our lives.

Questions remain about the future shape of Central Plaza on Dame Street and the former Clerys site on O’Connell Street

The odd trend of investors piling into the shares of bankrupt companies continued this week when WeWork Inc. jumped 92% on Wednesday, the day it started trading after seeking protection from its lenders.

The loose culture that characterised WeWork should have served as an ominous warning sign but the board clearly missed or ignored it.

The once-trendy company tried to be anything but a boring old real estate landlord — to disastrous results.

The decline of WeWork may not spell the end of co-working spaces, as local hubs seek to grow.

A theory is floating around that ousted WeWork founder Adam Neumann is poised to return. It's speculation, but here's what people are saying.