WE - WeWork Inc.
After hours:
| Previous Close | 0.1669 |
| Open | 0.1699 |
| Bid | 0.1880 x 3200 |
| Ask | 0.1875 x 900 |
| Day's Range | 0.1630 - 0.1920 |
| 52 Week Range | 0.1620 - 7.6650 |
| Volume | |
| Avg. Volume | 14,070,400 |
| Market Cap | 146.646M |
| Beta (5Y Monthly) | 1.54 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -7.7690 |
| Earnings Date | Aug 02, 2023 - Aug 07, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 2.66 |
ReutersWeWork CFO resignation marks second major exit in a week
Chief Accounting Officer Kurt Wehner, who joined WeWork in October 2020, will take over as CFO. WeWork in March struck deals to cut its debt by about $1.5 billion and extend the date of some maturities to preserve cash as it struggles to turn a quarterly profit since going public. WeWork shares have fallen about 87% so far this year.
ReutersWeWork CEO Mathrani to step down after joining Sycamore Partners as director
Mathrani was named WeWork CEO in 2020 and tasked with the company's turnaround following a botched IPO attempt and amid rising investor concerns over corporate governance standards. WeWork went public in 2021 under his leadership, navigated the COVID-19 pandemic, cut costs, boosted revenue across business segments, and restructured and strengthened the balance sheet. WeWork in March struck deals to cut its debt by about $1.5 billion and extend the date of some maturities to preserve cash as it struggles to turn a quarterly profit since going public.
Business WireWeWork Reports First Quarter 2023 Results
NEW YORK, May 09, 2023--WeWork Reports First Quarter 2023 Results
Business WireWeWork Announces Expiration and Final Results of the Exchange Offers and Consent Solicitations and Waiver and Satisfaction of the Minimum Participation Condition
NEW YORK, May 02, 2023--WeWork Inc. ("WeWork" or the "Company") (NYSE: WE) today announced the expiration and final results of the previously announced separate offers to exchange (each an "Exchange Offer" and, together, the "Exchange Offers") by WeWork Companies LLC (the "Issuer") and WW Co-Obligor Inc. (the "Co-Obligor" and together with the Issuer, the "Issuers"), each a subsidiary of the Company, any and all of the Issuers’ outstanding 7.875% Senior Notes due 2025 (the "Old 7.875% Notes") an
Business WireWeWork Receives Continued Listing Standard Notice from NYSE
NEW YORK, April 18, 2023--WeWork Inc. (NYSE: WE) (the "Company"), the leading global flexible space provider, today announced that on April 12, 2023, it received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") notifying the Company that it is not in compliance with the NYSE’s continued listing standards because as of April 11, 2023, the average closing price of the Company’s Class A Common Stock (the "Common Stock") was less than $1.00 per share over a consecutive 30 tradin
Business WireWeWork Announces Early Tender Results of the Exchange Offers and Consent Solicitations and Changes to the Late Exchange Consideration
NEW YORK, April 17, 2023--WeWork Inc. ("WeWork" or the "Company") (NYSE: WE) today announced the early tender results of the previously announced separate offers to exchange (each an "Exchange Offer" and, together, the "Exchange Offers") by WeWork Companies LLC (the "Issuer") and WW Co-Obligor Inc. (the "Co-Obligor" and together with the Issuer, the "Issuers"), each a subsidiary of the Company, any and all of the Issuers’ outstanding 7.875% Senior Notes due 2025 (the "Old 7.875% Notes") and 5.00
Business WireWeWork Announces Date of First Quarter 2023 Results Conference Call
NEW YORK, April 11, 2023--WeWork Announces Date of First Quarter 2023 Results Conference Call
ReutersWeWork adopts shareholder rights plan to protect ability to reduce future tax bills
As of Dec. 31, 2021, WeWork had about $6.9 billion of U.S. federal NOLs and $6.6 billion of state NOLs that could be available to offset its future federal taxable income and state taxable income, the company said in a statement. Last month, WeWork struck deals to cut debt by about $1.5 billion and extend the date of some maturities in a bid to preserve cash as the flexible-workspace provider feels the heat of mass layoffs on its business.
Business WireWeWork Adopts Tax Asset Preservation Plan Designed to Protect Long-Term Stockholder Value by Preserving the Availability of Its Tax Assets
NEW YORK, April 07, 2023--WeWork Inc. (NYSE: WE) ("WeWork"), the leading global flexible space provider, today announced that its Board of Directors (the "Board") has adopted a stockholder rights plan designed to protect long-term stockholder value by preserving the availability of WeWork’s net operating loss carryforwards ("NOLs") and other tax attributes under the Internal Revenue Code (the "Tax Asset Preservation Plan"). The Board took this action in connection with the various transactions a
Business WireWeWork Announces Commencement of Exchange Offers and Consent Solicitations for Outstanding 7.875% Senior Notes due 2025 and 5.00% Senior Notes due 2025, Series II
NEW YORK, April 03, 2023--WeWork Inc. ("WeWork" or the "Company") (NYSE: WE) today announced that WeWork Companies LLC (the "Issuer") and WW Co-Obligor Inc. (the "Co-Obligor" and together with the Issuer, the "Issuers"), each a subsidiary of the Company, have commenced separate offers to exchange (each an "Exchange Offer" and, together, the "Exchange Offers") any and all of the outstanding Issuers’ 7.875% Senior Notes due 2025 (the "Old 7.875% Notes") and 5.00% Senior Notes due 2025, Series II (
Yahoo Finance VideoHere's what CEOs expect for Q2
As the first quarter of 2023 comes to a close, we asked 4 CEOs what they expect to see in Q2. The chief executives of WeWork (WE), Trex Co. (TREX), Santander (SAN), and the incoming CEO of Lyft (LYFT), all joined Yahoo Finance to share their outlook for the coming quarter. Santander U.S. CEO Tim Wennes told Yahoo Finance LIVE, “the consumer is resilient today. We've still seen consumer spending holding up. We've seen continued activity in terms of borrowing, but there's a lot of uncertainty.” You can find full video interviews below: 'Efficiency is in the air': Incoming Lyft CEO WeWork: ‘This is our moment,’ CEO says U.S. housing market: The ‘higher-end consumer is still very active,’ Trex CEO says Trust, confidence ‘impacted’ by U.S. banking crisis, Santander CEO says
Yahoo Finance VideoWeWork CEO on expenses: 'The bulk of the work has been accomplished'
WeWork (WE) is doubling down on its space-as-a-service business, rising 12% year-over-year in the fourth quarter. In terms of how the company is handling expenses, WeWork CEO Sandeep Mathrani told Yahoo Finance Live, "We've been very diligent over the last three years since I've been CEO." WeWork recently announced a new series of agreements aiming to cut back on $1.5 billion in debt. "We continue to streamline the company...it's a process that never actually ends, and it should never end. You should get more efficient over time," he adds. "The bulk of the work has been accomplished," he continues. "Occupiers are seeking certainty in this moment in time, and we're able to provide that certainty to them," he says. You can watch Julie Hyman, Brad Smith and Brian Sozzi's full interview with Sandeep Mathrani here. Key Video Moments: 00:00:02 - We've been very diligent 00:00:22 - We continue to streamline the company 00:00:33 - The bulk of the work has been accomplished 00:01:18 - Occupiers are seeking certainty
Yahoo Finance VideoWeWork: ‘This is our moment,’ CEO says
WeWork CEO Sandeep Mathrani joins Yahoo Finance Live to discuss debt restructuring plans, all access memberships, occupancy, job cuts across the tech industry, and the post-pandemic outlook for the company.
ReutersWeWork reaches deals to cut debt, extend maturities
WeWork said it will also infuse the company with about $540 million in new funding. The Japanese company held a stake of about 46% in WeWork before the restructuring was announced, as per Refinitiv data. About $1.9 billion of pro-forma debt will now mature in 2027, WeWork said, adding that it would have less than $2.0 billion in net debt once the deal closes.
Business WireWeWork Announces Comprehensive Agreement To Significantly Deleverage Capital Structure and Bolster Liquidity For Continued Growth
NEW YORK, March 17, 2023--WeWork Announces Comprehensive Agreement To Significantly Deleverage Capital Structure and Bolster Liquidity For Continued Growth
Yahoo Finance VideoWeWork stock pops on reports of debt restructuring
Yahoo Finance Live anchors Julie Hyman and Ines Ferre discuss reports that WeWork is in talks to restructure its debt.
ReutersWeWork in talks with investors to restructure over $3 billion debt - NYT
The company, which offers workstations, private offices and customized floors, had enjoyed a pandemic-driven shift to flexible work outside traditional offices, but is now gearing up for a potential fallout from a likely economic downturn. In February, WeWork forecast weak current-quarter revenue in a sign that its business was feeling the heat of mass layoffs as companies reduce their real estate footprint. An infusion of cash would most likely give WeWork the hundreds of millions of dollars it needed to keep operating for at least a few years, the NYT report added, citing people with knowledge of the negotiations.
Business WireWeWork and SiSebenza Announce Franchise Partnership for WeWork South Africa
NEW YORK, March 01, 2023--WeWork Inc. (NYSE: WE) ("WeWork"), the leading global flexible space provider, today announced a franchise partnership with SiSebenza, a pan-African real estate investor, giving SiSebenza the exclusive right to operate WeWork’s existing locations in South Africa. The deal also grants SiSebenza exclusive rights to grow and operate the WeWork franchise in Ghana, Kenya, Mauritius and Nigeria.
Evening StandardWeWork hails recovery of London office market after posting first profits since IPO
London office occupancy hit 81% at the end of last year, up from 63% in 2021
ReutersWeWork issues glum revenue forecast as tech layoffs hurt
WeWork Inc on Thursday forecast lower-than-expected revenue for the current quarter, signaling that its business of providing flexible workspace was feeling the heat of mass layoffs in the technology sector. Shares of WeWork fell 5.5% in morning trade, after the company forecast current-quarter revenue of $830 million to $855 million, below analysts' expectations of $918.4 million. Workforce reductions undertaken by several companies across the United States have hit certain locations, WeWork Chief Executive Officer Sandeep Mathrani said on a post-earnings call.
Business WireWeWork Reports Fourth Quarter and Fiscal Year 2022 Results
NEW YORK, February 16, 2023--WeWork Inc. (NYSE: WE) ("WeWork"), the leading global flexible space provider, disclosed financial results today for the three months, and fiscal year ended December 31, 2022. Fourth quarter, full-year and other recent highlights include:
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- Business Wire
WeWork Announces New SoftBank Appointment, David Tolley, to Board of Directors
NEW YORK, February 07, 2023--WeWork Announces New SoftBank Appointment, David Tolley, to Board of Directors
- Business Wire
WeWork Announces Date of Fourth Quarter and Full Year 2022 Results Conference Call
NEW YORK, January 19, 2023--WeWork Inc. (NYSE: WE) ("WeWork"), the leading global flexible space provider, today announced that on Thursday, February 16, 2023, it will issue financial results for the fourth quarter and full year ending December 31, 2022. The Company will conduct a conference call at 8:00 AM ET, following the release of its earnings materials.