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WEKU
WEKU
Bobby Allyn

Why corporate bankruptcies were up in 2023 despite the improving economy

Economy Stephanie Kelton Bed, Bath & Beyond BIRD General Motors Rite Aid WeWork

Imagine taking a Bird scooter to Rite Aid before heading to a WeWork, where you read a news article on Vice and then buying a gift on Bed Bath & Beyond's website.

What is this, 2018?

No, this is 2023, and you've just interacted with five of the hundreds of companies that filed for bankruptcy this year. Most of these companies have not completely collapsed, but they are limping along.

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