The WeWork logo is displayed on a screen during the company’s IPO on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 21, 2021. REUTERS/Brendan McDermid/File photo
Aug 8 (Reuters) – WeWork Inc (WE.N) on Tuesday raised “substantial” doubt about its ability to continue as a going concern and said three board members had stepped down, sending its shares down 27% in extended trading.
The workspace provider also issued a warning that its management needed to raise additional capital to keep the company afloat and maintain liquidity over the next 12 months.
The company had previously said its actions to restructure
