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News@lemmy.world · 1 year ago

Once valued at $47 billion, coworking-space provider WeWork nears bankruptcy

arstechnica.com

cross-posted to:
hackernews@derp.foo

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Once valued at $47 billion, coworking-space provider WeWork nears bankruptcy

arstechnica.com

ickplant@lemmy.world to

News@lemmy.world · 1 year ago

cross-posted to:
hackernews@derp.foo

WeWork bankruptcy filing may happen next week as market cap falls to $60 million.

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1 year ago
eh. WeWork never posted actual profits. They relied on venture capital to stay floating.

The venture capital is running out because, it turns out, venture capitalists like to see returns on their investments. it’s different than twitter, IMO.

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