The Latest Breaking News from WeWork Inc

WeWork Global sells 2.5% stake in WeWork India Management for Rs 244 crore

WeWork Global has divested a 2.5% stake in WeWork India for Rs 244 crore, bringing its ownership down to 12.3% from 14.82%. Despite this stake reduction, WeWork India reported a consolidated net loss of Rs 4.30 crore for the first quarter while witnessing a total income increase to Rs 700.74…

The Economic Times · Aug 14

WeWork’s ‘substantial doubt’ about its future marks a stunning fall

NEW YORK: For the past four years, WeWork Inc has been trying to deliver a turnaround story — one in which the rowdy co-working startup transforms into a stable, profitable public company. It sloughed off Adam Neumann, its rambunctious co-founder and former chief executive officer, and replaced him with an…

The Times of India · Aug 10, 2023

3 Stocks With 10% or More Short Interest NOW

A growing wave of weak economic data and recent turmoil in the banking sector deepened worries about the economy tipping into a recession this year. Amid an uncertain macroeconomic backdrop, it could be wise to avoid fundamentally weak stocks Shift4 Payments (FOUR), ChargePoint (CHPT), and WeWork (WE), with 10% or…

StockNews.com · Apr 11, 2023

3 F-Rated Stocks to Sell Now Rather Than Later

Although inflation is showing signs of cooling, it's still far from the Fed’s target, and the rate hikes shall continue. As the global economic outlook worsens, we believe fundamentally weak stocks Ginkgo Bioworks (DNA), Affirm Holdings (AFRM), and WeWork (WE), which are F-rated in our proprietary rating system, might be…

StockNews.com · Nov 11, 2022

3 Stocks to Sell on Housing Market Crash Fears

The red hot inflation and surging mortgage rates are causing housing demand to cool down and prices to fall. So, with rising fears of a possible housing market crash, we believe it could be wise to avoid fundamentally weak stocks Redfin (RDFN), WeWork (WE), and Centerspace (CSR) now. Keep reading….

StockNews.com · Aug 3, 2022

5 Real Estate Stocks to Sell Short Due to Higher Interest Rates

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),…

StockNews.com · Jul 19, 2022

WeWork Appoints Andre Fernandez As Finance Chief; Affirms Outlook

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…

Benzinga · May 27, 2022

WeWork Co-founder Raises $70M For Crypto Carbon-Credit Startup

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,…

Benzinga · May 25, 2022

Does WeWork Stock Deserve a Place in Your Portfolio?

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…

StockNews.com · Apr 27, 2022

SoftBank Loses Vision Fund Leader; Continues To Liquidate Portfolio

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…

Benzinga · Apr 4, 2022