
WeWork In US And Canada Files for Chapter 11 Amid Restructuring Efforts!
In a move anticipated by FinTelegram, WeWork, the once high-flying office-sharing mogul, has officially filed for Chapter 11 bankruptcy protection. The filing marks a significant turn in the company's fortunes since its peak valuation of $47 billion in 2019 during a funding round spearheaded by SoftBank. Adam Neumann, the company's former CEO and co-founder, described the bankruptcy filing as “disappointing.”