WeWork files for bankruptcy in latest sign of commercial real estate reckoning

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WeWork filed for bankruptcy.
WeWork filed for bankruptcy.

Justin Sullivan

Defaults of high-yield corporate bonds are accelerating and could bring a $46 billion wave of distressed debt in 2024, Bank of America says

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Trader NYSE
Defaults could accelerate 1.5x next year, resulting in a $46 billion pile of distressed high-yield corporate debt, Bank of America warned.

REUTERS/Brendan McDermid

WeWork commanded a $47 billion valuation at its peak. It's crashed over 99% since then - and could now file for bankruptcy, reports say

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WeWork
WeWork's stock price has plummeted over 99% since it made its stock-market debut in March 2021.

Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images

The startup extinction wave is rising and it's beginning to wash over the cloud industry

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andy jassy aws
Andy Jassy at AWS Summit San Francisco 2015

Matt Weinberger

Powerful senators fire off letter decrying 'abusive' tactics in Corizon bankruptcy

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Sen. Dick Durban and Sen. Elizabeth Warren address a town hall event.
Senators Dick Durbin and Elizabeth Warren sent a letter raising "serious questions" about the bankruptcy of prison health provider Corizon.

Nancy Lane/MediaNews Group/Boston Herald via Getty Images

FTX is considering 3 bids to restart the crypto exchange, report says

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Sam Bankman-Fried
Sam Bankman-Fried.

TIMOTHY A. CLARY/AFP via Getty Images

Dov Charney is fighting over his Silver Lake mansion in bankruptcy court. Only problem: The court can't get rid of squatters like Milo Yiannopoulos and Ye's hanger-ons.

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Dov Charney (left), Milo Yiannopoulos (center), and Ian Connor (right).
Ousted American Apparel founder Dov Charney (left), alt-right provocateur Milo Yiannopoulos (center), and rapper Ian Connor (right) have all been served motions for turnover of possession of the historic Garbutt House in Silver Lake, California, as part of Charney's bankruptcy proceedings.

Getty Images

How to file for bankruptcy

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Elon Musk warned of Cybertruck headaches, consumers' debt woes, and a 'stormy' economic backdrop on Tesla's earnings call. Here are his 14 best quotes.

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Elon Musk
Elon Musk is CEO of Tesla.

Brendan Smialowski/AFP/Getty Images

Federal judge hits the brakes on Corizon bankruptcy deal

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Four members of the Garcia family sit on a couch; one son holds his father's ashes.
The family of Hector Garcia, who died after a few days under Corizon's care in a detention center in Las Cruces, New Mexico. His family, from left, son Daniel Jimenez; sister Belen Lowery; Gina Macias, his former wife; and son Hector Garcia, Jr., with his father's ashes at Jimenez's house in Las Cruces.

Adria Malcolm for Insider

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