WeWork Inc.
WE-WT
New York Stock Exchange0.01
USD
+0.00
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WeWork Inc.
WE-WT
(New York Stock Exchange)
Recent
price
0.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- WeWork Inc. WeWork Inc. (WE-WT) provides flexible workspace solutions, including private offices, coworking memberships, dedicated desks, hot desks, meeting rooms, and enterprise workspace management services such as WeWork All Access, On Demand, and Workplace; the company offers amenities including high-speed internet, phone booths, business printers, mail handling, front desk services, common areas, enhanced cleaning, and additional value-add options like professional employer organization, payroll, HR benefits, dedicated bandwidth, and IT co-location. Founded in 2010 by Adam Neumann and Miguel McKelvey and headquartered in New York City, WeWork Inc. operates approximately 600 locations across more than 30 countries and 100 cities, serving freelancers, startups, enterprises, and Fortune 500 companies with a focus on scalable, turnkey platforms for physical and virtual shared spaces. In 2024, WeWork Inc. emerged from Chapter 11 bankruptcy after eliminating $4 billion in debt and reducing future rent obligations by over $12 billion through lease cancellations at about 160 sites and amendments at more than 170 others, with Yardi Systems acquiring a 60% stake via $337 million in financing, hedge funds taking 20%, and SoftBank retaining 20%; the company appointed John Santora as CEO, achieved break-even EBITDA in Q4 2024 and positive EBITDA in Q1 2025, sold its WeWork India stake to Embassy Group, completed a 49.9% acquisition in WeWork Brasil, and expanded partnerships including a major lease to Amazon.com.