STOCK TITAN
  1. Home
  2. News
  3. WE

WeWork Inc - WE STOCK NEWS

Welcome to our dedicated news page for WeWork (Ticker: WE), a resource for investors and traders seeking the latest updates and insights on WeWork.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect WeWork's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of WeWork's position in the market.

News
WeWork Takes Strategic Action to Significantly Strengthen Balance Sheet and Further Streamline Real Estate Footprint
Rhea-AI Summary
WeWork has entered into a Restructuring Support Agreement with key financial stakeholders to reduce its existing funded debt and strengthen its capital structure. The company has filed for Chapter 11 bankruptcy protection in the U.S. and intends to file recognition proceedings in Canada. WeWork will continue to operate globally, focusing on business continuity and delivering services to its members. The company plans to reject leases of non-operational locations as part of its lease rejection plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
Tags
none
-
News
A Proposal by Cole Capital Funds Seeks to Acquire 51% of all minority ownership shares of WeWork, Inc. for $9.00 per share in Cash
Rhea-AI Summary
Cole Capital Funds has sent a letter to the Board of Directors of WeWork, proposing to acquire 51% of the outstanding shares owned by minority shareholders at a price of $9.00 per share. They also seek representation on the company board. The financing for this acquisition is being discussed with City National Bank and JP Morgan. Cole Capital Funds aims to expand WeWork's offerings and attract a broader customer base, including armed forces veterans, traveling healthcare providers, traveling sales forces, and the marine industry. The proposed price represents a $7.89 per share premium over WeWork's last closing price of $1.11 per share as of November 2, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
acquisition
-
News
WeWork Appoints David Tolley As Chief Executive Officer
Rhea-AI Summary
WeWork announces David Tolley as new CEO and ongoing transformation efforts
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.39%
Tags
management
News
WeWork Inc. Announces Completion of 1-for-40 Reverse Stock Split
Rhea-AI Summary
WeWork completes reverse stock split to regain compliance with NYSE listing requirements
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
WeWork to Conduct 1-for-40 Reverse Stock Split
Rhea-AI Summary
WeWork to proceed with 1-for-40 reverse stock split to increase per share trading price and regain compliance with NYSE listing requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.39%
Tags
none
-
News
WeWork Reports Second Quarter 2023 Results
Rhea-AI Summary
WeWork Inc. reported Q2 2023 revenue of $844 million, a 4% YoY increase, and a net loss of $(397) million, a $238 million improvement YoY. Adjusted EBITDA was $(36) million, a $98 million improvement YoY. Consolidated physical occupancy was 72%, up from 70% in Q2 2022. Average revenue per physical member increased 4% to $502. WeWork's ability to continue as a going concern is uncertain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-38.57%
Tags
earnings
News
WeWork Announces Board Updates
Rhea-AI Summary
WeWork Inc. (NYSE: WE) appoints four new members to the Board of Directors, bringing extensive financial expertise and business experience to strengthen the company's performance, balance sheet, and growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-38.57%
Tags
none
-
News
WeWork Announces Date of Second Quarter 2023 Results
Rhea-AI Summary
WeWork Inc. (NYSE: WE) announces the release of its second-quarter financial results on August 8, 2023, with a conference call scheduled for August 9, 2023. Earnings call details will be available on WeWork’s Investor Relations website at investors.wework.com. Questions must be submitted in advance to investor@wework.com. A replay of the conference call will be available at the same website after the call. The company’s financial results and earnings release will be available on WeWork’s Investor Relations website at investors.wework.com and filed with the Securities and Exchange Commission.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
Tags
earnings
-
News
WeWork Announces CEO Transition
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.57%
Tags
none
News
WeWork Reports First Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.04%
Tags
earnings
Stock WE logo
WeWork Inc

NYSE:WE

WE Rankings

N/A Ranked by Market Cap
#5532 Ranked by Stock Gains
N/A Ranked by Dividends

WE Stock Data

44.08M
15.40M
9.01%
Real Estate Services
Real Estate
Link
US
New York

About WE

wework provides you with the space, community, and services you need to make a life, not just a living. we transform buildings into beautiful, collaborative workspaces and provide infrastructure, services, events and tech so our members can focus on doing what they love.