Stock Market News
Wework raises going-concern doubt, shares tank
2023.08.08 18:22
© Reuters. The WeWork logo is displayed on a screen during the company’s IPO on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 21, 2021. REUTERS/Brendan McDermid/File photo
(Reuters) -WeWork Inc on Tuesday raised “substantial” doubt about its ability to continue as a going concern, sending its shares down 19% in extended trading.
WeWork also replaced three board members and added another, stating that it was still continuing its search for a permanent CEO after Sandeep Mathrani stepped down in May.
