WeWork Shares: Is It the End?

Summary:

• WeWork raises doubts about its ability to continue as a going concern and sees three board members stepping down.
• Company's shares experience a significant decline amidst criticism for handling post-lockdown transitions and layoffs.
• Comparison drawn to Zoom's office return policy and its impact on the demand for office spaces and remote work solutions.

We're watching WeWork after the company raised substantial doubt about its ability to continue as a going concern. The company also said three board members had stepped down.

As you can see there, it has had quite a steep fall. This is the broader view. However, it's continued to languish around that 21 level without any break in sight. The company as well has been criticized for not being able to manage the transition after lockdowns, after people have returned to cities and also to work. All this comes amid a huge amount of layoffs as well, given that this is coming from the tech sector.

WeWork is especially exposed to this. This is also interesting because it comes at a time when Zoom has been in the headlines, so spring up the shares there for you, which are all sessions on the IG platform. Zoom made headlines after telling its staff to come into the office at least two days a week. Now, this policy applies to those living within 50 miles and fallen in the post-pandemic demand for video conferencing services. So really interesting time for those exposed and also servicing this space. We'll keep a lookout for what happens to WeWork and we will break it as we get that information.

WeWork's future remains uncertain as it grapples with financial challenges, management transitions, and the changing dynamics of a post-pandemic work environment.