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WeWork has filed to begin bankruptcy proceedings to protect itself as it reorganizes debt in US and Canada only. Co-working space provider WeWork Inc (NYSE: WE) has filed for Chapter 11 bankruptcy in New Jersey federal court. The bankruptcy filing is expected to protect the company from action against landlords and
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The cryptocurrency-infused financial tech company Revolut has announced it has purchased a Wework office with bitcoin. Revolut detailed that the office space in Dallas, Texas will house 300 employees to prepare for the company’s U.S. expansion. Revolut Pays Bitcoin for Wework Property in Texas On September 16, 2021, Revolut, the fintech firm
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WeWork has announced it will begin accepting crypto payments The move is in partnership with BitPay and CoinbaseBitPAy will handle the payments with WeWork accepting Bitcoin, Etheruem, USD Coin (USDC) and Paxos (PAX)WeWork will hold the crypto paid for services on its balance sheetCoinbase will become the first company to pay
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Coworking space giant WeWork is the latest company to announce plans to hold cryptocurrencies on its balance sheet.The SoftBank-owned commercial real estate firm announced its plans via a statement on Tuesday. WeWork’s crypto balance sheet will come from the company adopting cryptocurrencies as a payment method.According to the announcement, WeWork has
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Uber is aiming to register a profit before the end of fiscal 2020. The ride-hailing firm’s growth-at-all-costs strategy has been the key driver of losses. If it needs a lesson on the deficiencies of the strategy, the ride-hailing service only needs to look at WeWork. The tech sector has
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