Business - HITS FM
Yuki Iwamura/Bloomberg via Getty Images(NEW YORK) -- WeWork, the office-sharing company that experienced a dazzling rise and sudden decline that came to symbolize the excesses of business startup culture, filed for bankruptcy on Monday. In 2019, the company was valued at $47 billion. By last week, that figure had plummeted to $45 million, with shares of WeWork's stock falling more than 98% since the beginning of the year. Creditors holding 92% of the company's secured debt agreed on a restructuring plan that would include cutting back its portfolio of office leases, WeWork said in a statement...