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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.