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France 24
France 24
Business
Charles PELLEGRIN

Co-working firm WeWork files for bankruptcy in US amid office real estate downturn

WeWork Adam Neumann Netflix Covid-19 Pandemic
BUSINESS DAILY © FRANCE 24

WeWork, the desk renting company co-founded by Adam Neumann, has filed for bankruptcy in order to deal with its $13 billion in outstanding lease obligations. The group, which was once valued at $47 billion, saw its meteoric rise thwarted in 2019 when its heavy losses were exposed and during the Covid-19 pandemic with the advent of remote work. Also in this edition, German restauranteurs worry about whether they'll be able to stay in business. Plus, Netflix's CEO gives an update on negotiations with striking actors.

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