WEWORK PLANS TO FILE FOR BANKRUPTCY AS EARLY AS NEXT WEEK

Summary from the TLDR newsletter

WeWork plans to file for bankruptcy as early as next week as it struggles with a massive debt and hefty losses. Its shares have fallen roughly 96% this year. The company is considering filing a Chapter 11 petition in New Jersey. It had entered into an agreement with creditors for temporary postponement of payments for some of its debt, but the grace period is nearing an end.