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WeWork says it has 'substantial doubt' about its ability to stay in business | Business

(CNN) — The future of WeWork is uncertain, according to the company. ....

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WeWork says cancelled memberships and sustain losses making it difficult to do business

WeWork is struggling as customers cancel memberships and the company s stock falls 24% in extended trading. ....

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WeWork Q2 Loss Narrows

WeWork Inc. (WE), a flexible space provider, reported that its second quarter net loss attributable to the company narrowed to $349 million or $0.21 per share from $577 million or $0. ....

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BBCNEWS World Business Report June 4, 2024 04:43:00

Close ties to politics. the financial conduct authority will be asking banks to disclose the number of accounts they have terminated or suspended and the reasons behind those decisions. hundreds of amazon sellers have complained that the online marketplace is withholding their money. amazon said it emailed sellers about a delivery date based reserve , which holds some money in case of refunds. but some sellers have written to their mps saying they cannot get the cash needed to run their businesses. shares of wework, the once globally hyped office space sharing company, have plunged after it raised substa ntial doubt about its future. the company s shares fell by close to 24% in extended trading in new york. wework was hit hard by the pandemic as social distancing rules drove people to work from home. and is facebook good or bad for your well being? we speak to one of the researchers behind a new global survey finding out just that, with some surprising results. ....

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WeWork raises 'substantial doubt' about its ability to stay in business, ET RealEstate

WeWork: The workspace provider also issued a warning that its management needed to raise additional capital to keep the company afloat and maintain liquidity over the next 12 months. ....

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