Previous Close | 0.9000 |
Open | 0.9000 |
Bid | 0.6500 |
Ask | 1.0000 |
Strike | 1.00 |
Expire Date | 2025-01-17 |
Day's Range | 0.9000 - 0.9000 |
Contract Range | N/A |
Volume | |
Open Interest | 13.64k |
NEW YORK (AP) — WeWork has officially emerged from bankruptcy. And all eyes are on whether its new leadership can guide the long-embattled provider of co-working office space to success.
The company named commercial real estate industry veteran John Santora as its new top boss. Once the most valuable U.S. startup, WeWork expanded at a breakneck pace but racked up steep losses due to expensive leases and a sharp pandemic-driven slump in demand, before filing for bankruptcy protection in November 2023. WeWork received approval from a U.S. bankruptcy judge for a restructuring plan late last month, allowing it to eliminate $4 billion in debt and hand over its equity to a group of lenders and real estate technology company Yardi Systems.
(Bloomberg) -- WeWork Inc. won bankruptcy court approval to shed billions in debt, drop unprofitable leases from its office workspace portfolio and leave behind the legacy of co-founder Adam Neumann.Most Read from BloombergDonald Trump Becomes First Former US President Guilty of CrimesWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarSouth Africa Election Results With 29% Voting Districts InInsurers Sink as UnitedHealth Sees ‘Disturbance’ in Medicaid‘Not Gonna Be Pretty:’ Covid-Era