https://www.bloomberg.com/news/articles/2023-08-08/wework-raises-substantial-doubt-about-staying-in-business Skip to content Bloomberg the Company & Its ProductsThe Company & its Products Bloomberg Terminal Demo RequestBloomberg Anywhere Remote Login Bloomberg Anywhere LoginBloomberg Customer SupportCustomer Support * Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers + Bloomberg Anywhere Remote Login + Software Updates + Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 * Company + About + Careers + Diversity and Inclusion + Tech At Bloomberg + Philanthropy + Sustainability + Bloomberg London + Bloomberg Beta + Gender-Equality Index Communications + Press Announcements + Press Contacts Follow + Facebook + Instagram + LinkedIn + Twitter + YouTube * Products + Bloomberg Terminal + Data + Trading + Risk + Indices Industry Products + Bloomberg Law + Bloomberg Tax + Bloomberg Government + BloombergNEF * Media + Bloomberg Markets + Bloomberg Technology + Bloomberg Pursuits + Bloomberg Politics + Bloomberg Opinion + Bloomberg Businessweek + Bloomberg Live Conferences + Bloomberg Radio + Bloomberg Television + News Bureaus Media Services + Bloomberg Media Distribution + Advertising * Company + About + Careers + Diversity and Inclusion + Tech At Bloomberg + Philanthropy + Sustainability + Bloomberg London + Bloomberg Beta + Gender-Equality Index Communications + Press Announcements + Press Contacts Follow + Facebook + Instagram + LinkedIn + Twitter + YouTube * Products + Bloomberg Terminal + Data + Trading + Risk + Indices Industry Products + Bloomberg Law + Bloomberg Tax + Bloomberg Government + Bloomberg Environment + BloombergNEF * Media + Bloomberg Markets + Bloomberg Technology + Bloomberg Pursuits + Bloomberg Politics + Bloomberg Opinion + Bloomberg Businessweek + Bloomberg Live Conferences + Bloomberg Radio + Bloomberg Television + News Bureaus Media Services + Bloomberg Media Distribution + Advertising * Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers + Bloomberg Anywhere Remote Login + Software Updates + Manage Contracts and Orders Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Bloomberg Bloomberg UK Switch Editions * UK * Europe * US * Asia * Middle East * Africa * Ri Ben Sign In Account My Interests + My Content + Newsletters + Watchlist Settings + Account + Subscription + Billing + Help Center + Sign Out Subscribe * Live Now Bloomberg TV+ Bloomberg Daybreak Australia Bloomberg Daybreak Australia Bloomberg Daybreak Australia. Live from New York and Sydney. The latest news impacting markets, business and finance around the world. Bloomberg Radio Bloomberg Daybreak Asia Bloomberg Daybreak Asia Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg. Track your investments 24 hours a day, around the clock from around the world. Listen ----------------------------------------------------------------- Bloomberg Originals Hello World Hello World Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. It also doesn't create waste and may help fight the climate crisis. Also streaming on your TV: * + Markets Markets o Deals o Odd Lots o The FIX | Fixed Income o ETFs o FX o Factor Investing o Alternative Investing o Economic Calendar o Markets Magazine o UK Markets Today Bank of Japan Governor Kazuo Ueda News Conference Following Rate Decision Markets Ueda's YCC Tweak Fuels Bets That End to Negative Rates Is Near Views of Nio Showroom In Shanghai Ahead of Earnings Announcements Markets Hedge Fund Shorts Nio and Honda, Favors Hyundai in Asia EV Race Market Data o Stocks o Commodities o Rates & Bonds o Currencies o Futures o Sectors View More Markets + Economics Economics o Indicators o Central Banks o Jobs o Trade o Tax & Spend o Inflation & Prices A Grocery Outlet Holding Corp. Location As Supermarket Chain Goes Public Inflation & Prices Inflation Is Cooling, But Prices Are High and Americans Feel It Views of the Yangshan Container Port Ahead of Trade Figures Economics China Now Sells Fewer Goods to the US Than Mexico or Canada Do Operations Inside A Wal-Mart Stores Inc. Location Ahead Of Black Friday Economics Credit-Card Balances in the US Top $1 Trillion for First Time View More Economics + Industries Industries o Consumer o Energy o Entertainment o Finance o Health o Legal o Real Estate o Telecom o Transportation In this photo illustration, Wheels Up logo is seen on a Business Private-Jet Firm Wheels Up Seeks Rescue Funding Oportun Markets Castlelake, Neuberger Berman to Buy $700 Million of Loans from Fintech Oportun Featured o Business of Sports View More Industries + Tech Tech o AI o Big Tech o Cybersecurity o Startups Payments Firm Marqeta Files For IPO Showing Revenue Doubled Technology Marqeta Gains on Extended Deal With Block, Revenue Beat Blink Will Benefit From Industry Shift to Tesla Charging Standard, CEO Says Hyperdrive Blink Will Benefit From Industry Shift to Tesla Charging Standard, CEO Says Inside CSI ESM Ltd. As Global Chip Shortage Crisis Worsens Technology Amazon In Talks to Be Anchor Investor in Arm IPO, Reuters Says View More Tech + AI AI o Stocks to Watch o Startups & Investing o Ethics, Law & Policy o Jobs & Economy Panoramic View of Toronto Cityscape Economy Toronto Takes on Silicon Valley to Become AI Startup Hub FRANCE-TECHNOLOGY-AI Technology Stability AI Is Losing Executives, Engineers and Its Edge Palantir Stock Soars 21%, Says Demand For AI Unprecedented Technology Palantir Raises Profit Forecast, Sets $1 Billion Buyback View More AI + Politics Politics o US o UK o Americas o Europe o Asia o Middle East General Economy In Shanghai As President Xi Jinping Gives Little Reassurance China's Economic Risks to Ease Politics US Set to Limit Scope of China Investment Ban With Revenue Rule Italy Adopts $30 Billion of Cuts in EU Deficit Push Politics Italy Says New Windfall Tax Can't Exceed 0.1% of a Bank's Assets Featured o Next China View More Politics + Wealth Wealth o Investing o Living o Opinion & Advice o Savings & Retirement o Taxes o Reinvention Canada's Office Vacancies Hit A Record As Space Floods Market Investing Canada's OMERS Pulls Its Venture Capital Arm From Europe Zach Kirkhorn Wealth Tesla CFO Kirkhorn Exits With $590 Million Fortune Featured o How to Invest View More Wealth + Pursuits Pursuits o Travel o Autos o Homes o Living o Culture o Style ESPN To Eliminate 500 Jobs In Fallout From Virus Disruption Pursuits ESPN Is Getting Into Sports Betting With Penn Entertainment SZA Performs at Capital One Arena in Washington, DC. Pursuits Taylor Swift And SZA Lead 2023 MTV Video Music Award Nominations Featured o Screentime o New York Property Prices o Where to Go in 2022 View More Pursuits + Opinion Opinion o Business o Finance o Economics o Markets o Politics & Policy o Technology & Ideas o Editorials o Letters Credit Suisse Signage in Hong Kong Shuli Ren Credit Suisse Bankers, Don't Despair: My Lehman Experience CHINA-AUTO-BYD-TRANSPORT David Fickling In China, It's Already Cheaper to Buy EVs Than Gasoline Cars TOPSHOT-US-CLIMATE-WEATHER-HEAT Jessica Karl Mini Recessions Are All Around Us View More Opinion + Businessweek Businessweek o The Bloomberg 50 o Best B-Schools o Small Business Survival Guide o 50 Companies to Watch o Good Business o Subscribe to the Magazine A Digital Dollar Is for Banks and Governments, But Not You Finance A Digital Dollar Is for Banks and Governments, But Not You Teen Gamers Swiped $24 Million in Crypto, Then Turned on Each Other Feature Teen Gamers Swiped $24 Million in Crypto, Then Turned on Each Other The Pandemic Small-Business Boom Is Fueling the US Economy Small Business The Pandemic Small-Business Boom Is Fueling the US Economy View More Businessweek + Equality Equality o Corporate Leadership o Capital o Society o Solutions Japanese Mega Banks Ahead of Earnings Figures Equality Ex-Mizuho VP Sues Bank Alleging Bias Against Non-Japanese Staff US-HOTEL-WORKERS-STRIKE Equality LA City Workers Join Wave of Strikes Disrupting Key Industry Featured o In Trust Podcast View More Equality + Green Green o New Energy o ESG Investing o Weather & Science o Climate Politics o Greener Living o Cleaner Tech Incoming New Zealand Prime Minister Chris Hipkins News Conference Green New Zealand Expands Marine Protection in Auckland's Hauraki Gulf Majid Al Suwaidi, United Arab Emirates Director-General of Green Rich Nations Must Meet $100 Billion Climate Goal, COP28 Director Says Featured o Data Dash o Hyperdrive View More Green + CityLab CityLab o Design o Culture o Transportation o Economy o Environment o Housing o Justice o Government o Technology The Legacy of a Bed-Stuy Black Utopia Culture The Legacy of a Bed-Stuy Black Utopia Panoramic View of Toronto Cityscape Economy Toronto Takes on Silicon Valley to Become AI Startup Hub US-IMMIGRATION-MIGRATION-HOUSING CityLab New York Is Opening a Relief Center for 2,000 Migrants on Randall's Island View More CityLab + Crypto Crypto o Decentralized Finance o NFTs o Regulation o Technology Mining the World's Second-most-valuable Cryptocurrency at Evobits I.T SRL Crypto Bitcoin Miner Marathon's Quarterly Loss Narrows, Revenue Jumps Fed Minutes Could Bolster Bets For 75 Basis-Point Hike In July Finance Banks Face Stepped-Up Scrutiny From Fed Over Crypto Activities OK TO USE Crypto Ex-FTX Executive Salame Talking to Prosecutors About Plea Deal View More Crypto * More ----------------------------------------------------------------- We've updated the dispute procedures in our Terms of Service ("Terms"). By continuing to use the site, you accept and agree to these updated Terms. PxPixel Technology WeWork Tumbles After Raising 'Substantial Doubt' About Future * Stock plummeted more than 25% in extended trading on the news * Co-working company disclosed substantial changes to its board Gift this article A WeWork co-working space in Austin, Texas. A WeWork co-working space in Austin, Texas. Photographer: Sergio Flores/Bloomberg Gift this article Have a confidential tip for our reporters? Get in Touch Before it's here, it's on the Bloomberg Terminal LEARN MORE By Ellen Huet August 8, 2023 at 5:09 PM EDT Updated on August 8, 2023 at 6:28 PM EDT WeWork Inc. shares plummeted more than 25% in extended trading after saying there's "substantial doubt" about its ability to continue operating. The company cited sustained losses and canceled memberships to its office spaces. The co-working business will focus over the next 12 months on reducing rental costs, negotiating more favorable leases, increasing revenue and raising capital, WeWork said in a statement Tuesday. Have a confidential tip for our reporters? Get in Touch Before it's here, it's on the Bloomberg Terminal LEARN MORE Up Next WeWork Tumbles After Raising 'Substantial Doubt' About Future Terms of Service Trademarks Privacy Policy (c)2023 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Help