The future of WeWork is uncertain, according to the company
. WeWork management outlined a plan to improve the company’s financial health, saying that its ability to stay in business is “contingent upon successful execution” over the next 12 months. WeWork, which operates coworking spaces, said it will try to lower rent costs by negotiating more favorable lease terms and increasing revenue by reducing canceled memberships as part of its turnaround plan. The company will also attempt to raise more money by issuing debt or equity securities.
Overall, WeWork’s stock is down 85% since the start of this year. WeWork’s precarious future comes amid a difficult time for the commercial real estate sector. Office and retail property valuations have plummeted since the pandemic made way for a rise in hybrid working. Rising interest rates have also damaged the credit-dependent industry. WeWork was valued at $47 billion at its peak, but it struggled to fully recover after a failed attempt to go public in 2019.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
San Jose Office Building Tied to WeWork Exec Falls Behind on PaymentsA downtown San Jose office building, owned by a group that includes WeWork's co-founder, has missed at least one loan payment.
続きを読む »
WeWork warns of remaining 'going concern' and says bankruptcy is possibleWeWork has expressed doubt about its ability to continue operating as a 'going concern' due to mounting losses and dwindling cash. The company's stock price has been consistently below $1 and membership has been weaker than expected, partly due to a struggling economy.
続きを読む »
WeWork flags 'substantial doubt' about its ability to stay in businessWeWork Inc. disclosed Tuesday that there’s “substantial doubt” about its ability to continue operating, as the company seeks to improve its financial positioning. Shares of the company, which provides co-working spaces, were down 33% in Tuesday’s after-hours trading. WeWork lost $397 million in the second quarter and has $680 million...
続きを読む »
Wework raises going-concern doubt, shares tankWeWork Inc expresses significant doubt about its ability to continue as a going concern, resulting in a 19% drop in its shares during extended trading.
続きを読む »
IWG's Half-Year Profit Soars on High Demand and Improved PricingIWG, a rival of WeWork, has reported a 48% increase in half-year profit, driven by strong demand for its office spaces and improved pricing. The company remains cautiously optimistic about its future prospects.
続きを読む »
WeWork flags 'substantial doubt' about its ability to stay in businessWeWork Inc. disclosed Tuesday that there’s “substantial doubt” about its ability to continue operating, as the company seeks to improve its financial positioning. Shares of the company, which provides co-working spaces, were down 33% in Tuesday’s after-hours trading. WeWork lost $397 million in the second quarter and has $680 million...
続きを読む »