I cover breaking news for Forbes. Before Forbes, I worked as a reporter for USA Today in Asheville and Black Mountain, North Carolina.
A Nobel Peace Prize Winner Was Refused Medical Care In Prison Because She Wouldn’t Wear A Headscarf. Now, She’s On A Hunger Strike.
Trading was halted Monday for shares of WeWork, the once-prominent company at the forefront of the shared office space movement, following reports last week that indicated the company would soon file for bankruptcy protection. WeWork’s stock declined by 66% last week, falling from $2.52 to a low of 82 cents, including a 46% drop after the
The stock has decreased by 98.5% this year after opening at $60 on Jan. 3 and reached its highest point this year on Feb. 2.$47 billion. That’s how much WeWork was valued in January 2017. The company’s market cap was estimated at $270 million as of August, according toreported last week that WeWork is considering filing a bankruptcy petition in New Jersey as early as this week, after the company missed interest payments owed to its bondholders.
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WeWork stock still halted for news, with no release or comment from the companyTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
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Trading in WeWork halted as rumors swirl about the ability of the office sharing company to go onTrading in shares of WeWork has been halted as rumors swirl that the office sharing company, once valued as high as $47 billion, will seek bankruptcy protection.
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