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The Latest Breaking News from WeWork

Sam Bankman-Fried makes himself out to be an absentee CEO in new testimony

The FTX cofounder tried to distance himself from the hole in FTX’s balance sheet.

Fortune

UK hosts first-ever global artificial intelligence safety summit

British Prime Minister Rishi Sunak hosts world leaders and tech executives at Bletchley Park to discuss the future of the AI industry. Also in this edition: office-sharing firm WeWork is reportedly close to filing for bankruptcy, and Greek olive oil producers face rising thefts as prices skyrocket.

France 24

WeWork shares plunge on reported plans to file for bankruptcy

The New York-based group has been struggling with a huge debt pile and mammoth losses and has already seen its share price decimated this year

Evening Standard

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Afternoon Update: more interest rate rises likely; Victorian prison officers put spit hood on child; and WeWork to file for bankruptcy

The Reserve Bank looks increasingly likely to lift the cash rate as the IMF found inflation remained ‘sticky’

The Guardian - AU

WeWork gets boost in London as post-Summer office bookings rise

Flexible office provider WeWork has reported a big jump in demand for space in London in September as more staff returned to desks after the school holidays.

Evening Standard

WeWork plans to renegotiate nearly all of its leases, after warning about its future

The company, which operates several locations in Chicago, said it would also exit “unfit and underperforming locations.”

Chicago Sun-Times

Fears grow for property sector as WeWork scrambles to stay afloat

As company warns of ‘substantial doubt’ over its future, experts say consequences for commercial landlords could be dire

The Guardian - US

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WeWork's future: What to know after the company sounds the alarm on its ability to stay in business

WeWork said last week there was “substantial doubt” about its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company

The Independent UK

WeWork warned of 'substantial doubt’ about its ability to stay in business. Here's what that means

WeWork said last week there was “substantial doubt” about its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company

The Independent UK

What happens to your coworking space if WeWork goes bankrupt?

WeWork members are not traditional tenants with leases or subleases. That means they have far fewer rights and protections in the event that WeWork goes kaput.

Fortune

Raising a first-time fund? This is the worst time to do it in 10 years

Capital from LPs is drying up—especially for newbies.

Fortune

WeWork's 'going concern' language shows the office culture of the 2010s is dead—even if the office provider survives into the hybrid era

It’s not a “we” kind of workplace if we all want to stay home two days a week.

Fortune

WeWork is on a downward spiral that could lead to bankruptcy

After years of losses, and leadership struggles, the company warns that its days could be numbered.

Fortune

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

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Kiplinger

Stock Market Today: Stocks Drop Ahead of CPI, WeWork Tanks on Bankruptcy Concerns

The major indexes closed lower for a second straight day amid a batch of disappointing earnings reports.

Fortune

From $47 billion to $270 million—WeWork, the Adam Neumann brainchild, keeps crashing after a 'going concern' warning

"Flexible workspaces have a future in the office ecosystem, but WeWork, in its current state, may not," BTIG analysts wrote Wednesday.

Chicago Sun-Times

WeWork warns there’s ‘substantial doubt’ about its ability to stay in business

The company leases buildings and divides them into office spaces to sublet to its members, which include small businesses, startups and freelancers who want to avoid paying for permanent office space.

TechRadar

WeWork reveals "substantial doubt" about its future

Coworking office space provider WeWork is burning through more cash than it can afford - and the clock is ticking.

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news in one place.

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The Guardian - UK

Bank shares rally as Italy waters down windfall tax; UK heads towards five years of lost economic growth – as it happened

Rolling coverage of the latest economic and financial news

AVNetwork

How WeWork Redefines How It Works with Mersive Technologies

WeWork deploys Mersive Technologies Solstice Collaboration Platform to simplify the deployment of 15,000 Solstice Pods.

Evening Standard

Euan Blair’s Multiverse signs for larger London headquarters in Paddington

Multiverse, which matches apprentices with employers, has taken space at a WeWork building in Paddington

Fortune

A founder, a VC and a tech reporter got in a bobsled

Buckle up for a dizzying spectacle of speed, risk, and folly.

Fortune

Founder Adam Neumann explains why Marc Andreessen invested $350 million in Flow, his new company that sounds a lot like WeWork

Flow, which will focus on making residences into workspaces, already raised $350 million from billionaire Andreessen's a16z. Neumann said the company will either compete with WeWork or partner with it.

Fortune

Watch out WeWork: Adam Neumann is back

The controversial founder said his new startup Flow would either partner or compete with WeWork.

Fortune

Adam Neumann shares 2 key lessons he learned from WeWork's crash

"Surround yourself not only with the best people and the smartest people, but also the ones that are going to tell you what they think," said Neumann, who is now the founder of Flow.

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