WeWork has gone from being a star of the sharing economy with billion-dollar dreams to facing the possibility of shutting its doors. Photo: Patrick T. Fallon / AFPSource: AFPEmbattled office-sharing firm WeWork on Tuesday warned US regulators that it is worried about its survival. WeWork has lost billions of dollars during the first six months of this year, with macroeconomic conditions weakening demand for its shared office spaces, the company told regulators. WeWork has been trying to turn the page on Adam Neumann, its co-founder and former leader whose antics tired investors. WeWork had been a celebrated star in the sharing economy that put a mammoth footprint in the commercial real estate of major cities around the globe.

Source: The Star August 09, 2023 07:56 UTC