WeWork’s Stock Is Plummeting Despite Industry Growth
Allwork
AUGUST 10, 2022
Over the past year, WeWork Inc.’s stock has traded down from around $15.00 to around $5.00, a fall of two-thirds — twice as far as the market average. . Demand for flexible workspace is eclipsing pre-pandemic levels and contractual occupancy rates have remained above pre-pandemic levels for the third quarter in a row. . When WeWork’s stock crashed, it fell from such a height that it did a lot of damage, most notably to Softbank, its largest shareholder. .
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