WeWork files for bankruptcy

New York (CNN) -- WeWork, the beleaguered coworking startup, has filed for bankruptcy protections in federal court.

Posted 11/7/2023, 2:38:13 AM Updated 11/7/2023, 2:58:38 AM

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By Catherine Thorbecke, CNN

New York (CNN) — WeWork, the beleaguered coworking startup, has filed for bankruptcy protections in federal court.

The bankruptcy announcement caps a stunning downfall for the once-high-flying, SoftBank-backed venture, which was privately valued at some $47 billion at its peak.

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