WeWork Shares Sink After Report It Plans to File for Bankruptcy
- Shares fall as much as 42% in premarket trading on Wednesday
- WSJ said the company may file Chapter 11 petition next week
A WeWork office in New York City.
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WeWork Inc. shares fell as much as 42% in premarket trading following a report in the Wall Street Journal that the company plans to file for bankruptcy.
WeWork may file its Chapter 11 petition in New Jersey as early as next week, the Journal reported, citing people familiar with the matter who it didn’t name.