Adam Neumann

Adam Neumann is going to end his effort to buy WeWork.

In WeWork’s heyday, the office was lit. Kombucha in the water fountains, DJ sets at 5 p.m., and yoga balls where desk chairs should be. These days, expensive offices sit empty in cities across America.

WeWork filed for Chapter 11 bankruptcy protection on Monday, listing nearly $19 billion in debts, according to Bloomberg.

WeWork, the company that offers flexible co-working spaces, said in a Securities and Exchange Commission (SEC) filing on Tuesday that it is at risk of bankruptcy. The business has struggled since the beginning of the COVID-19 pandemic, when offices shuttered their doors and moved to remote work, resulting in WeWork…