is it that big a deal?  Lehman was a fun time but why should people care about wework?

can't imagine enough people do to raise tugs in the City

Warning UK set for five years of lost economic growth https://www.bbc.co.uk/news/business-66436792

It's been worth about a quid for 5 years 

Not exactly a shock or reflection on city buzzing 

Cos my god is it buzzing 

is it still bizzarely seen as a tech stock?

From WeWork’s second-quarter earnings release, with our emphasis: In addition, as disclosed in WeWork’s Quarterly Report for the three and six months ended June 30, 2023 (the “Second Quarter 10-Q”), as a result of the Company’s losses and projected cash needs, combined with increased member churn and current liquidity levels, substantial doubt exists about the Company’s ability to continue as a going concern.

The Company’s ability to continue as a going concern is contingent upon successful execution of management’s plan to improve liquidity and profitability over the next 12 months, which includes, without limitation:

•Reducing rent and tenancy costs via restructuring actions and negotiation of more favourable lease terms;

•Increasing revenue by reducing member churn and increasing new sales;

•Controlling expenses and limiting capital expenditures; and

•Seeking additional capital via issuance of debt or equity securities or asset sales.

Only because SoftBank put a few billion into it and are trying to save face