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.
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Key Takeaways
- 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…
