The Latest Breaking News from WeWork Inc

Rising mortgage rates amid the Fed’s rate hiking campaign have hampered homebuyer sentiments. While further rate hikes are anticipated, fundamentally weak real estate stocks Opendoor Technologies (OPEN) and WeWork (WE) might be best avoided in 2023. Keep reading.

Despite rampant headwinds, stocks are expected to stage a recovery in 2023. Moreover, experts believe the anticipated severe recession might be avoided. Therefore, investors could consider buying quality stocks Verizon Communications (VZ) and Hillenbrand (HI) in the new year. However, the fundamentally weak stock WeWork (WE) might be best avoided…

The demand for real estate has taken a hit amid rising interest rates and a faster-than-expected rise in mortgage rates. Higher home prices and the lack of listings have also affected the industry. Given this backdrop, fundamentally weak real estate stocks Redfin Corp. (RDFN), WeWork (WE), Alset EHome International (AEI),…

WeWork Inc (NYSE:WE) has appointed Andre J. Fernandez as Chief Financial Officer (CFO) effective June 10, 2022. This is the third time the co-working space operator has hired a finance chief since March 2020, the Wall Street Journal reported. Fernandez recently served as the CFO of Atlanta-based enterprise software company NCR Corp (NYSE:NCR). The WSJ report…

WeWork Inc (NYSE:WE) cofounder Adam Neumann raised $70 million from venture capitalists and others for his co-founded carbon-credit startup Flowcarbon, Bloomberg reports. The startup raised traditional funding from backers like Andreessen Horowitz’s crypto arm, General Catalyst, and Samsung Next. Flowcarbon also raised money by selling its token, called the Goddess Nature Token. Neumann,…

The shares of workspace provider WeWork’s (WE) have been on a downtrend since they made their stock market debut last year. The company’s expansionary policies and collaborations to boost its business have so far failed to generate positive momentum in the stock. So, considering the company’s weak fundamentals, would it…

Ron Fisher looked to depart as the head of SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) Vision Fund and Chair and director of SoftBank Investment Advisors U.S. on April 15, Bloomberg reports. Fisher would remain a senior advisor to SoftBank's founder and CEO, Masayoshi Son. Fisher left SoftBank's board in 2021. Fisher began working with…

WeWork Inc (NYSE: WE) shares are trading higher by 10.4% at $7.04 after a Form4 filing from the company's CEO showed a purchase of 30,000 shares at $6.55 per share. 

WeWork Inc (NYSE:WE) reported fourth-quarter FY21 revenue growth of 9% quarter-on-quarter to $718 million. The global flexible space provider's occupancy improved 600 bps Q/Q to 66%. Systemwide gross desk sales totaled 217,000, Consolidated gross desk sales totaled 164,000, equating to 9.9 million square feet sold. Consolidated new desk sales totaled 87,000. Also Read: WeWork's…