The office-sharing company could file for bankruptcy as early as next week, according to sources
Shared workspaces
Latest in Shared workspaces
CLOUD Spaces
Why shopping malls in the UAE are becoming the new working space
Launched last year in Yas Mall, CLOUD Spaces already has over 300 registered clients, with ambitious plans to expand
commercial real estate
Regional GM welcomes WeWork’s SPAC merger plans
Riad Thoumas told Arabian Business Covid-19 has ‘super-charged’ the industry, with more large companies looking to secure flexible working spaces
Abu Dhabi
In pictures: A look inside UAE’s first WeWork in Abu Dhabi at Hub71
WeWork x Hub71 spans three floors and offers 1,200 desks and working lounges to businesses ranging from entrepreneurial startups to established companies.
Adam Neumann
Video: The core of the business is still strong, says WeWork advisor
WeWork advisor Peter Weinberg told CNBC that the company’s tumultuous 2019 doesn’t discount the fact that the company’s fundamental business is strong.
Adam Neumann
Video: The spectacular rise and fall of WeWork
In less than one year, WeWork went from having a $47 billion valuation and being the darling of the venture capital world to needing an $8 billion infusion to avoid running out of money.
banking and finance
Video: How the WeWork investor got in trouble – Softbank
The disappointing valuation of WeWork and the poor performance of Uber and Slack on the stock market are raising concerns that the world’s largest tech investor could be in trouble
bailout
Video: WeWork said to weigh bailout that hands control to SoftBank
WeWork is considering a bailout that will hand control of the co-working giant to SoftBank Group Corp., according to a person familiar with the matter, one of two main options to rescue the once high-flying startup.
Abu Dhabi
WeWork to launch first UAE location in Abu Dhabi’s Hub71 next year
WeWork will open over 5,000m sq of collaborative and inspirational workspace in early 2020 at Hub71,
Adam Neumann
Video: WeWork wants more of your life
The co-working giant WeWork has been renting desks to small entrepreneurs and Fortune 500 companies alike. But it doesn’t want to stop there.