WE - What's Going On With WeWork Stock Tuesday? | Benzinga
WeWork Inc (NYSE: WE) shares are in the spotlight Tuesday after the company filed for bankruptcy.
What Happened: Late Monday, WeWork announced it filed for Chapter 11 bankruptcy protection and commenced a comprehensive reorganization to strengthen its capital structure and financial performance.
The company noted that it had entered into agreements with approximately 92% of its secured note holders and intends to cut its commercial office lease portfolio.
WeWork's bankruptcy filing shows liabilities ranging ...