Photo: ANTHONY WALLACE / AFP / Getty Images
The ongoing saga of WeWork takes another turn as the office space company filed for bankruptcy this week.
Once valued at an astonishing $47 billion at its peak, WeWork suffered a dramatic downfall in 2019, marked by a failed IPO launch and controversy linked to its founder, Adam Neumann, who stepped down that year.
This turbulent journey has been documented in a Hulu film and the Apple TV series "WeCrashed."
Just last month, WeWork acknowledged its financial struggles, stating that it lacked the funds to cover its debt interest. Nevertheless, the company, with operations spanning about 700 locations across 40 countries, intends to persevere through the bankruptcy restructuring process.