Loading ...WeWork enters death spiral. From $47 billion to zero……plunges another 11% after announcing reverse stock split to try and keep NYSE listing
- WeWork said in a filing on Friday that it would undergo a 1-for-40 reverse stock split to try and retain its NYSE listing.
- The stock fell another 11% to 14 cents and has been trading under $1 since late March.
- With cash dwindling, WeWork warned last week of its “ability to continue as a going concern.”
Sir Kewl2,
What are the connections of this “revolutionary startup leader” Adam Neumann?
At the risk of sounding anti-Semitic, is there a certain “privilege” given to the likes of Neumann, Sam Bankman-Fried, and the late, great, Jeff Epstein?
It was heartwarming to see Wikipedia, for once, add “suspected fraudster” to the first line of description to SBF’s Wikipedia homepage.
“Samuel Benjamin Bankman-Fried[1] (born March 5, 1992),[2] also known by the initials SBF,[3] is an American entrepreneur, investor, and suspected fraudster. ”
GL
Wikipedia is modified constantly to show people, companies and projects in the best light. It is heavily manipulated by the powers that be.
As I recall — Epstein was Mossad, SBF & parents are up to their eyeballs in DNC & Neumann I don’t know…………
WHAT IS WEwORK ?
FGC – your question probably helps to explain why the company is failing…………..