WeWork’s Reverse Stock Split: A Strategic Maneuver to Stay on NYSE

WeWork announces reverse stock split plan to save plummeting stock

WeWork, known for its co-working spaces, has been facing significant financial challenges this year. In an effort to save its stock from being delisted from the New York Stock Exchange (NYSE), the company announced a reverse stock split. This means that 40 shares of WeWork stock will be consolidated into one share. The move is aimed at improving the company’s stock price and ensuring its continued listing on the NYSE.