The New York Times reported WeWork is no longer working, prompting the real estate company to file for bankruptcy. The story included the following:
“WeWork’s stock has fallen more than 98 percent since the start of the year, and the company was valued at less than $45 million as of Friday. At its peak, in January 2019, the company was worth around $47 billion.”
Gee, WeWork peaked around the time that former Publicis Groupe CEO Maurice Lévy assumed the role of Chief Marketing Officer for the enterprise—a stint that lasted barely three months. At least the company had enough sense to evict Lévy. And coincidentally, Publicis Groupe is seeking to dump lots of leases for office space right now.
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