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The SoftBank-backed company has been in turmoil ever since its plans to go public in 2019 imploded after investors recoiled at its hefty losses, corporate governance lapses and the management style of then founder-CEO Adam Neumann.
Following its IPO fiasco of 2019 and a series of scandals, WeWork began trading on the New York Stock Exchange under the ticker symbol "WE" yesterday. Shares of WeWork Shares closed 13.5% higher at...
The shared-office company has closed locations, renegotiated leases and cut thousands of jobs to reduce expenses during Covid-19