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A sign for WeWork is displayed at their office in the borough of Manhattan in New York, Aug. 9, 2023. Trading in shares of WeWork were halted Monday as rumors that the office sharing company will seek bankruptcy protection. (AP Photo/Ted Shaffrey, File)

WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion

By Wyatte Grantham-Philips - Associated Press

FILE - In this Dec. 30, 2019 file photo, New Hampshire Gov. Chris Sununu shows his receipt after placing the first legal sports wagering bet on his mobile phon in Manchester, N.H. Special-purpose acquisition companies, better known as SPACs, have been embraced by big institutions and small-pocketed investors alike. Companies such as Draftkings and Virgin Galactic used a SPAC to go public last year. The frenzy surrounding SPACs has also attracted the attention of government regulators, who are concerned they may draw in unsophisticated investors.(AP Photo/Charles Krupa, File)

EXPLAINER: What’s a SPAC, the latest craze on Wall Street?

By KEN SWEET - Associated Press

WeWork stock offer comes amid doubtful need for office space

By TOM KRISHER and MICHELLE CHAPMAN and KELVIN CHAN - Associated Press

Japan’s SoftBank ends WeWork tender, remains behind bailout

By YURI KAGEYAMA - Associated Press

In this Jan. 20, 2020, photo, people walk in front of SoftBank store in Ginza shopping district in Tokyo. Japanese technology conglomerate SoftBank Group Corp. said Wednesday, Feb. 12, 2020 its profit for last quarter dropped amid worries about the perceived risk of its investments into companies like WeWork. (AP Photo/Eugene Hoshiko)

SoftBank’s profit drop amid WeWork worries, Sprint approval

By YURI KAGEYAMA - Associated Press

FILE - In this Nov. 14, 2019, file photo a pair of specialists work on the floor of the New York Stock Exchange. Investments around the world were all winners in 2019 as central banks unleashed more stimulus to bolster the global economy against the damage created by President Donald Trump’s trade war. (AP Photo/Richard Drew, File)

Markets in 2019: record stocks, lower rates, so-so IPOs

By ALEX VEIGA - Associated Press

Market Outlook for 2020 Illustration by Greg Groesch/The Washington Times

Forget politics, stick with stocks in 2020

By Peter Morici

WeWork cuts nearly 20% of workforce in restructuring effort

By ALEXANDRA OLSON - Associated Press

FILE - This Nov. 5, 2019 file photo shows a WeWork office space in New York. WeWork says it racked up $1.25 billion in losses in the third quarter as it geared up for an ultimately scuttled stock market debut WeWork’s losses more than doubled between June-September, compared to the same period the previous year, as the office-sharing company spent heavily in pursuit of aggressive growth.(AP Photo/Mark Lennihan)

WeWork loses $1.25 billion in third quarter

Associated Press

This Tuesday, Nov. 5, 2019, photo shows a WeWork office space in New York. WeWork said Friday, Nov. 8 it will divest from several side businesses and cut jobs as part of a 90-day plan to turn itself around following its botched attempt to sell stock on Wall Street. (AP Photo/Mark Lennihan)

WeWork to sell MeetUp, cut jobs in 90-day turnaround plan

By ALEXANDRA OLSON - Associated Press

FILE - In this Jan. 16, 2018 file photo, Adam Neumann, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq, in New York. A former top aide to ousted WeWork co-founder Adam Neumann is accusing him and other company executives of discriminating against her when she became pregnant. The former employee, Medina Bardhi, filed a federal complaint Thursday, Oct. 31, 2019 saying she was twice demoted after becoming pregnant and ultimately fired after complaining internally. (AP Photo/Mark Lennihan, File)

WeWork’s ex-CEO faces pregnancy discrimination complaint

By ALEXANDRA OLSON - Associated Press

In this Oct. 6, 2019, photo people walk by WeWork offices in Dublin, Ireland. The Wall Street Journal is reporting on Tuesday, Oct. 22, that WeWork is being taken over by the Japanese investment bank that invested billions in the company before its botched effort to go public. (AP Photo/Mark Lennihan)

WeWork co-founder pushed aside in $5B SoftBank takeover

By ALEXANDRA OLSON - Associated Press

Report: Softbank could take control of WeWork

Associated Press

FILE this Sept. 30, 2019 file photo shows a WeWork sign on a building in New York. WeWork says it will close its elementary school in New York next year, as the office-sharing company grapples with a cash crunch following its botched attempt to sell its stock on Wall Street. The company said Friday, Oct. 11, 2019 it will close the “WeGrow” school in Manhattan at the end of the 2019-2020 school year. (AP Photo/Mark Lennihan, File)

WeWork to close its New York elementary school next year

By ALEXANDRA OLSON - Associated Press

Backed by a majority of the D.C. Council, Brianne Nadeau, Ward 1 Democrat, introduced legislation that would replace the city's current 8% tax on sugary drinks with a 1.5 cent-per-ounce excise tax.

(AP Photo/Jeff Chiu, File) **FILE**

D.C. Council weighs new soda tax, changing Columbus Day to Indigenous People’s Day

By Sophie Kaplan - The Washington Times

WeWork says it is withdrawing its stock market IPO filing.

Associated Press

S&P cites concerns WeWork won’t be able to fund growth plan

Associated Press

In this Tuesday, Jan. 16, 2018, file photo, Adam Neumann, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq, in New York. (AP Photo/Mark Lennihan, File)

Adam Neumann, WeWork CEO, stepping aside amid questions about company

Associated Press

Reports: Some WeWork directors seek to remove CEO

Associated Press

FILE - In this Jan. 16, 2018 file photo, Adam Neumann, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq, in New York. WeWork is delaying its IPO, saying it now expects the offering to be completed by the end of the year. The office-sharing company is hoping to restore investor confidence amid doubts about its ability to make money and decisions that’ve raised concerns about its CEO. (AP Photo/Mark Lennihan, File)

WeWork delays its IPO amid tepid investor interest

By ALEXANDRA OLSON and STAN CHOE - Associated Press