SoftBank-backed WeWork seeks bankruptcy protection under U.S. Bankruptcy Code
![According to WeWork, paying for space consumed 74 percent of WeWork's revenue in the second quarter of 2023. The company was once valued at $47 billion, and now reported a net loss of $696 million in the first half of this year](https://laffaz.com/wp-content/uploads/2023/11/softbank-backed-wework-seeks-bankruptcy-protection-under-u-s-bankruptcy-code-1024x536.jpg)
U.S. headquartered, SoftBank-backed startup WeWork, once the coworking giant has sought U.S. bankruptcy protection on Monday.
Read MoreSoftBank-backed WeWork seeks bankruptcy protection under U.S. Bankruptcy Code