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wework: From prized startup to possible bankruptcy: WeWork's tumultuous path

Founded by Adam Neumann and Miguel McKelvey in 2010, WeWork had a tumultuous path to become a publicly-listed company. Below is a timeline of notable WeWork developments since mid-2019. ....

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WeWork seeks to regain listing compliance with one-for-forty reverse stock split

The move comes days after WeWork raised ‘substantial doubt’ over its ability to continue operations ....

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wework: WeWork to proceed with 1-for-40 reverse stock split

WeWork shares had lost almost 98% of its value this year, approaching near-zero earlier in the month, after the company warned it could go bankrupt. ....

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WeWork's future: What to know after the company sounds the alarm on its ability to stay in business

WeWork has sounded the alarm on its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company. Last week, WeWork warned there was “substantial doubt” about the New York-based company's “ability to continue as a going concern” — which is accounting-speak for having the resources needed to operate and stay in business. WeWork pointed to increased member churn, financial losses and the company's need for cash, among other factors, over the next year. ....

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WeWork Moves Forward With 1-for-40 Reverse Stock Split in Effort to Stay on NYSE

WeWork announced that it plans to move forward with a 1-for-40 reverse stock split to remain traded on the New York Stock Exchange, the coworking company announced Friday. The move — which will turn every 40 shares held by an investor into a single one — will help boost the beleaguered coworking company’s stock value after the NYSE warned WeWork in April it could be delisted since its shares fell below $1 for more than a month. WeWork’s shares dropped nearly 13 percent from Thursday’s closing price and were at 13 cents a share Friday morning. ....

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