WeWork's Bankruptcy Filing Plans Send Stock Plummeting

WeWork, the troubled office-sharing company, is reportedly considering filing for bankruptcy as early as next week. The firm, which was once valued at $47 billion, has seen a significant decline in its stock market valuation and has been grappling with debts, losses, and management issues. WeWork's attempt to sell shares on the stock market collapsed in 2019, and it has been further impacted by the COVID-19 pandemic. The Japanese conglomerate SoftBank has invested billions of dollars into WeWork. The company has not commented on the reports.