WeWork plunges 33% after 'going concern' clause; BTIG downgrades to Neutral

Aug. 09, 2023 10:30 AM ETWeWork Inc. (WEWKQ) StockSPY, CBREBy: Liz Kiesche, SA News Editor3 Comments
Real Estate Upstart WeWork Releases Paperwork For Initial Public Offering

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WeWork (NYSE:WE) stock tumbled 33% in Wednesday morning trading after the flexible office space company said there's "substantial doubt" about its ability to continue as "going concern."

Q2 results reflected a declining membership count, falling occupancy rate, and elevated cash burn, said BTIG analyst Tom

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