WeWork Faces Bankruptcy, Wiping Out $47 Billion in Value Since 2019 Peak

WeWork could file for bankruptcy as soon as next week, wiping out nearly $47 billion in value since 2019.

WeWork was once a high-flying startup valued at $47 billion, backed by top VCs like Softbank.

WeWork has struggled with debt and bleeding cash, closing locations and restructuring.

Major VCs like Softbank, Benchmark and Insight Partners have lost big on their WeWork investments.

Despite WeWork's epic collapse, VC culture continues largely unchanged, with founder Adam Neumann already back with a new startup.