Hemorrhaging WeWork Is Now Fielding SEC Probe: Report
However WeWork may be define — transformative office outer space startup or cult - corresponding Silicon Valley unicorn — the Securities Exchange Commission reportedly believes the society warrants question . Sources familiar with the matter toldBloombergthe SEC has begun scrutinize the corporation over concerns that investor may have been misinform ahead of WeWork ’s disastrousinitial - public - offering - that - wasn’t . Just for a recap : In September , WeWork ’s parent company had to scrap IPO program amid some serious side - eye from investor that it may not be deserving what some considered to be a wildly high-sounding $ 47 billion count on valuation , concern that were all but actualise weeks later when reports begin coming in exact the companionship was too cash - poor to afforda massive round of lay - offs ....