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WeWork Files For Bankruptcy: From $47 Billion To $0
Manage episode 382679724 series 3447190
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US Corporations are filing for bankruptcies at an alarming rate as the federal reserve is holding strong on higher interest rates. So far in 2023, casualties here include Silicon Valley Bank, Bed Bath & Beyond, Party City and now WeWork. In the initial Chapter 11 filing, WeWork reported total debts of about $18.5 Billion against just $15 Billion in assets - giving them a negative equity value of around $3.5 Billion.
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