In August, WeWork said that ‘substantial doubt’ existed about the company’s ability to continue as a going concern
WeWork Inc.’s high negative debt-to-equity ratio suggests that the troubled co-working-space provider’s bankruptcy is looming, according to credit-monitoring and risk-management company Creditsafe.
On Tuesday, the Wall Street Journal reported that WeWork plans to file for bankruptcy as early as next week. WeWork’s stock plunged 46.5% on Wednesday.
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