WeWork, the beleaguered coworking startup, has filed for bankruptcy protections in federal court in the USA.The chapter 11 bankruptcy announcement caps a stunning downfall for the once-high-flying, SoftBank-backed venture, which was privately valued at some $72 billion ($US47 billion) at its peak."Now is the time for us to pull the future forward by aggressively addressing our legacy leases and dramatically improving our balance sheet," said David Tolley, WeWork CEO, in a news release.
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