|Bid||1.0600 x 2200|
|Ask||1.0800 x 4000|
|Day's Range||0.9900 - 1.1000|
|52 Week Range||0.8210 - 8.0800|
|Beta (5Y Monthly)||1.66|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 10, 2023 - May 15, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.55|
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NEW YORK, March 17, 2023--WeWork Announces Comprehensive Agreement To Significantly Deleverage Capital Structure and Bolster Liquidity For Continued Growth
Yahoo Finance Live anchors Julie Hyman and Ines Ferre discuss reports that WeWork is in talks to restructure its debt.
The company, which offers workstations, private offices and customized floors, had enjoyed a pandemic-driven shift to flexible work outside traditional offices, but is now gearing up for a potential fallout from a likely economic downturn. In February, WeWork forecast weak current-quarter revenue in a sign that its business was feeling the heat of mass layoffs as companies reduce their real estate footprint. An infusion of cash would most likely give WeWork the hundreds of millions of dollars it needed to keep operating for at least a few years, the NYT report added, citing people with knowledge of the negotiations.