What’s going on with WeWork? WeWork is a provider of coworking spaces, including physical and virtual shared spaces. It was once said to be a darling of the office-sharing world. And in October 2023, according to the Wall Street Journal, it may be teetering on the precipice of bankruptcy. Its shares are said to have plummeted by over 50%. This could cast a gloomy shadow over the enterprise that was once touted as the future of workspaces. The original concept of WeWork, which was founded in 2010, is flexible workspaces for freelancers, startups and businesses. By 2014, WeWork was said to have achieved unicorn status, valuing the company at over a billion dollars. WeWork was even backed by Masayoshi Son’s SoftBank Group. In 2019, WeWork was said to have been valued at about $47 billion. And there was an eagerly awaited IPO on the horizon. But its initial attempt to go public was kind of rough.
What Could WeWork’s Potential Bankruptcy Mean For Its Indian Counterpart?
