Coworking Giant WeWork Files For Bankruptcy

Coworking giant WeWork filed for bankruptcy in the United States today. The company struggled to recover from the effects of COVID-19 on the economy and its failed initial public offering in 2019. The New York-based corporation filed a Chapter 11 filing in New Jersey, stating that its assets and liabilities were between $10 billion and $50 billion. The filing allows WeWork to keep operating while it works out a plan to repay its debts. Sakshi Bajaj spoke to experts and got us details on how WeWork went from being $47 billion start-up to becoming bankrupt.