WeWork was once the most valuable U.S. startup, worth $47 billion. WeWork is the most talked about company across the world right now as the co-working space company, was once the most valuable U.S. startup, worth $47 billion, has filed for bankruptcy. WeWork reported total debts of $18.65 billion against total assets of $15.06 billion in an initial filing. In 2019, it was valued at $47 billion in a transaction headed by Masayoshi Son's SoftBank. Adam Neumann, the company's founder, resigned as CEO as a result of the failed sale, and WeWork's valuation, which had previously reached $47 billion, fell precipitously.

Source: dna November 08, 2023 19:11 UTC