Fall from grace: SoftBank-backed WeWork succumbs to bankruptcy

Fall from grace: SoftBank-backed WeWork succumbs to bankruptcy

FILE PHOTO: A WeWork logo is seen outside its offices in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File Photo

WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.

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