The Latest Breaking News from WeWork

On Nov. 6, the co-working firm WeWork filed for bankruptcy. WeWork, founded by Adam Neumann and Miguel McKelvey in 2010, had a simple business model: it signed long-term leases on urban buildings, fitting them out with modern work facilities. Then, it rented out desks, offices and meeting rooms to companies…

Neumann, the former WeWork CEO and cofounder, is investing heavily in South Florida real estate.

Adam Neumann, the billionaire founder of WeWork, said the company "has failed to take advantage of a product that is more relevant today than ever before" since he left.

Offices now face “a potential new wave of unexpected vacancies,” Moody’s wrote. WeWork’s first move was to dump 70 leases—35 of them in New York.

The sharing office firm has filed for bankruptcy in the US

A penchant for private jets and talk of marijuana – amid a dream to become president of the world – made Neumann stand out

WeWork says London is and always will be, one of the firm's most important markets

WeWork, which has locations in Chicago, is also requesting the “ability to reject the leases of certain locations” that the company says are largely non-operational, as part of the filing.

Office sharing company WeWork filed for Chapter 11 bankruptcy protection Monday.