WeWork, once pegged as a pioneering solution to modern office constraints and valued at an astounding $47bn, filed for Chapter 11 bankruptcy on Monday.It is a devastating fall from grace for the desk-rental company founded in 2010, which on New Year's Eve 2022 operated 43.9mn square feet of space globally.The company was one of the great startup success stories of the early 2010s and had an empire spanning 100 countries at the time of its peak valuation in 2019.
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