|Bid||0.0900 x N/A|
|Ask||0.1050 x N/A|
|Day's Range||0.0980 - 3.9200|
|52 Week Range||0.0974 - 4.1560|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 08, 2023 - Nov 13, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of workspace provider WeWork (WE) reverse course this morning as the stock has already fallen 90% year-to-date and faces potential delisting. Citigroup (C) announces reorganization plans with its various business segments to report directly to CEO Jane Frasier. Lastly, Adobe (ADBE) rolls out its new generative AI tools for its editing software. Yahoo Finance Live checks out several stocks trending after this morning's opening bell.
WeWork (WE) is renegotiating nearly all of its leases globally, and it expects to exit underperforming and unfit locations, according to a public letter by CEO David Tolley. The letter follows WeWork's warning last month that there was 'substantial doubt' about its ability to stay in business. Yahoo Finance Live's Seana Smith and Akiko Fujita break down the report and discuss the outlook for the company.
The SoftBank-backed company said it sought to negotiate favorable terms with its landlords and plans to exit unfit, underperforming locations in order to reinvest in its other assets. WeWork, which provides flexible workspaces by taking out long-term leases and renting them out for short durations, gained popularity before the COVID-19 pandemic made shared office spaces less appealing.