Co-working workplace area supplier WeWork has filed for chapter protecting its areas within the US and Canada, and in a submitting, it stated it had liabilities of between $10 and $50 billion.
It’s the newest flip for a corporation that went from being valued at $47 billion in January 2019 to unsuccessfully trying an IPO later that yr.
Traders had been unimpressed with an organization that counted its founder and CEO, Adam Neumann, as a major danger issue. Its fall was ultimately captured in each a documentary for Hulu, WeWork: Or the Making and Breaking of a $47 Billion Unicorn, and the podcast-turned-TV present for Apple TV, WeCrashed.
As Elizabeth Lopatto described its IPO paperwork:
That paperwork revealed, multi functional place, the next…
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