WeWork, Wetried, Webroke

Welcome to Ai News Shorts, this is Sedona, today we're covering the catastrophic fall of WeWork. After being valued at $47 Billion 5 years ago, Wework has filed for chapter 11 bankruptcy on Monday in New Jersey, according to a statement from the company.

The meteoric rise, and even more violent fall of WeWork
Has left many shocked, once valued at $47bn on the private market, it has endured a 98% decline in its share price this year, leaving it with a market capitalization of less than $50m. And shares trading at less than a dollar. It goes without saying, the business model and subsequent valuation was a total fraud. The sham company was delisted from the new York Stock exchange on Monday, while the founding con artist, Adam Neumann walked away with 500 million dollars. He knew all along this company was one strong San Francisco wind away from being blown into the Bay. Now we.