WeWork shares collapse as firm fields ‘substantial doubt’ over its future
Co-working business cited sustained losses and cancelled memberships to its office spaces
WeWork shares crashed by more than one quarter in extended trading, with the firm clouded in “substantial doubt” about its ability to continue operating.
The company - which was decimated by the Covid-19 pandemic - cited sustained losses and cancelled memberships to its office spaces. It operates four office spaces in Ireland, all of which are located in the capital, including on Harcourt Street and the old Central Bank site on Dame Street in the ...