WeWork announces 1-for-40 reverse stock split to retain New York listing | Financial Times
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US office space group recently warned it faced ‘substantial doubt’ about ability to continue as a going concern

WeWork announces 1-for-40 reverse stock split to retain New York listing::US office space group recently warned it faced ‘substantial doubt’ about ability to continue as a going concern

  • phoneymouse@lemmy.worldEnglish
    2·
    1 year ago

    I don’t know the company’s finances, but my guess is the concept can be successful, but WeWork may have taken on too much debt or over-extended itself in its rapid growth period.

    A company that is expanding more strategically and with an eye on the bottom line might end up doing fine.