WE Jan 2025 1.500 call
| Previous Close | 0.0500 |
| Open | 0.0500 |
| Bid | 0.0000 |
| Ask | 0.0500 |
| Strike | 1.50 |
| Expire Date | 2025-01-17 |
| Day's Range | 0.0500 - 0.0500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 1.79k |
ReutersBankrupt WeWork enters financing agreements with certain lenders
WeWork, once the most valuable U.S. startup, struggled to achieve profitability as a rise in work-from-home trends following the pandemic soured demand for its shared office spaces. In a regulatory filing, WeWork disclosed it had entered into a commitment letter on Nov. 15 with parties including Goldman Sachs International Bank, JPMorgan Chase Bank and SoftBank Vision Fund 2 for the financing of a letter-of-credit facility. The financing could be as much as $682.5 million but it could also be smaller than that depending on other conditions, WeWork said, adding that the parties have agreed to provide the financing individually and not jointly.
CBCWeWork has failed. Like a lot of other tech startups, it left damage in its wake
The worksharing giant WeWork was supposed to fundamentally alter the future of the office. It raised billions of dollars, signed leases in office towers across North America, but filed for bankruptcy protection last week.Analysts say it collapsed, at least in part, because it never had a viable business model."It didn't really have a clear path to profitability. It never made any money," said Susannah Streeter, head of money and markets at the financial services firm Hargreaves Lansdown.Streeter
CNN BusinessThe wildest moments of WeWork’s rise
WeWork officially filed for bankruptcy this week, an all-but-expected development for the coworking startup that has been slowly unraveling for years but once promised to revolutionize office work as we know it.
