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The Guardian - US
The Guardian - US
Business
Blake Montgomery and Callum Jones in New York

WeWork co-founder says anticipated bankruptcy filing ‘disappointing’

WeWork building in San Mateo, California.
The company, once valued at $47bn, saw its market capitalization drop to $326m this year. Photograph: Justin Sullivan/Getty Images

The WeWork co-founder Adam Neumann described reports the shared office provider is preparing for bankruptcy as “disappointing” after trading of its shares was suspended.

Neumann, who built the business into one of the world’s most highly-valued private companies, left four years ago in the wake of a botched bid to take it public, and concern over his management style.

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