{"id":110966,"title":"WeWork shares (NYSE:WE) have halted trading amid speculation","publisher":"Share Talk","author":"sharetalk","published":"2023-11-06T14:44:16+00:00","modified":"2023-11-06T14:44:16+00:00","canonical_url":"https://www.share-talk.com/wework-shares-nysewe-have-halted-trading-amid-speculation/","markdown_url":"https://www.share-talk.com/wework-shares-nysewe-have-halted-trading-amid-speculation.md","json_url":"https://www.share-talk.com/wework-shares-nysewe-have-halted-trading-amid-speculation.json","category":"B2B","categories":["B2B","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["bankruptcy","Chapter 11","New York Stock Exchange","NYSE","SHARES","silicon valley","USA","WE","WeWork"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/WeWork-6th-nov-23.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"Trading of shares was halted at 8:51 am UK time, with the New York Stock Exchange indicating on its website that the suspension was due to “pending news.”\n\nRecently, the Wall Street Journal suggested that the firm might seek Chapter 11 bankruptcy protection in the United States within the current week.\n\nhttps://twitter.com/Share_Talk/status/1721536025585914074\n\nWeWork, known for its business model of securing long-term leases from office landlords and offering them as short-term rentals, has seen its market value plummet by nearly 98 percent over the last year, as the trend of remote work persists.\n\nThe company, which once held the status of a Silicon Valley favourite with a valuation of $47 billion (£38.7 billion) and received backing from Softbank, issued a warning in August that it could face bankruptcy if it does not succeed in enhancing its liquidity and profitability within the forthcoming year."}