WeWork Misses $95 Million Interest Payment, Raising Bankruptcy Speculation
- WeWork missed $95 million in interest payments to creditors as part of an effort to restructure debt.
- The company says it has a 30-day grace period before defaulting on the payments.
- This raises speculation that WeWork may file for bankruptcy as it struggles financially.
- WeWork is trying to cut costs by renegotiating leases and making debt more manageable.
- The rise of remote work presents challenges for WeWork's business model based on shared office space.