WeWork stock halted as rumors swirl about bankruptcy
Trading in shares of WeWork were halted Monday as rumors swirl that the office sharing company, once valued as high as $47 billion, will seek bankruptcy protection.
Last week, The Wall Street Journal and other media outlets reported that WeWork was planning to file for Chapter 11 bankruptcy protection as early as this week — citing unnamed sources familiar with the matter.
A WeWork spokesperson said last week that the company does not comment on speculation and did not immediately return messages after trading in the company’s stock was halted Monday.