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Results in total funding and capital commitments of over $1.0 billion to support WeWork’s business plan for continued growth Agreement builds on significant business progress underpinned by increased revenue, improved physical occupancy, and expanding market share Cancels o...
2023-03-16 11:56:33 ET WeWork ( NYSE: WE ) soared 11% on a report that it's close to agreed for a financial restructuring where major investor Softbank Group ( OTCPK:SFTBY ) will convert about $1 billion of debt into equity. The New York-based coworking firm is also cl...
2023-03-08 08:36:27 ET Fresh Tracks Therapeutics ( FRTX ) +83% on announcing positive topline results from single and multiple ascending dose parts of phase 1 study of Oral DYRK1A Inhibitor FRTX-02. Kimball International ( KBAL ) +75% HNI to acquire Kimball i...
2023-03-08 07:02:07 ET Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify S&P, Nasdaq, Dow futures tick up as market braces for the return of Powell (1:00). Senators unveil bill to rein in TikTok ( BDNCE ), 'adv...
2023-03-07 17:11:26 ET WeWork ( NYSE: WE ) stock advanced as much as 8.8% in extended trading on Tuesday as the struggling flexible office space provider talked with potential investors about restructuring its more than $3B of outstanding debt as well as raising additional c...
2023-03-06 16:25:36 ET Silvergate Capital ( NYSE: SI ), Bed Bath & Beyond ( NASDAQ: BBBY ), and Carvana ( NYSE: CVNA ), three companies that have garnered attention of late due to poor performance, have topped S3 Partners' list of US companies with the high...
Flexible workspace provider, WeWork ( NYSE: WE ) enter franchise partnership with SiSebenza, a pan-African real estate investor. The franchise partnership combines the strength of WeWork’s brand and product with SiSebenza’s proven local operating expertise. WeWor...
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 als...
Summary WeWork's cash and equivalents fell to $287 million as of the end of its last reported quarter, with cash burn from operations at $88 million. The co-working space provider continues to optimize its footprint and reduce SG&A expenses. Revenue growth of around 18% during t...
As we transition out of the pandemic, we are emerging into a world that looks a whole lot different from the one we knew in […] For further details see: Why Flex Space Real Estate is the Next Investment Frontier (ZM, SGMD, WE, STRS, JOE, AMC, HHC, CURI)
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WeWork Inc - Class A (WE) is expected to report for quarter end 2023-09-30
WeWork spaces remain open and operational and the Company will continue to provide its signature member experience Company enters into Restructuring Support Agreement with strong support from key financial stakeholders to drastically reduce its existing funded debt WeWork Inc. (...