WeWork's Valuation plummets to $8 billion from $47 billion
Released Sunday, 3rd November 2019
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WeWork's Valuation plummets to $8 billion from $47 billion
WeWork's Valuation plummets to $8 billion from $47 billion
Sunday, 3rd November 2019
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After a failed IPO attempt WeWork was set to run out of money by the end of the year. They were looking for new ways to secure additional funding and decided to take on new financing from existing shareholder Softbank. The new deal values WeWOrk at $8 billion down from a previous valuation of $47 billion.
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