Topline
Shared office space company WeWork filed for bankruptcy late Monday, joining a crowded list of high-profile companies to go under recently, as 2023 heads toward becoming the second-busiest year for bankruptcies in more than a decade.
WeWork filed for bankruptcy Monday, becoming the latest high-profile firm to go under.
Key Facts
WeWork’s filing for Chapter 11 bankruptcy protection put a bow on its dramatic fall from a $47 billion valuation to a below $50 million valuation, but arguably the most impactful string of bankruptcies came in the traditional banking and digital asset sectors.
SVB Financial, parent company of the failed Silicon Valley Bank, filed for bankruptcy in March, becoming the largest…
