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All eyes are on what WeWork's incoming CEO can do to salvage coworking's largest operator from its near-collapse last year.
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WeWork sold meeting space technology company Teem to iOffice as it continues to divest from companies it acquired under CEO Adam Neumann.
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WeWork's sell-off of outside ventures continues with its offloading of women-focused coworking operator The Wing onto investors, including Google Ventures.
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The most recent valuation drop to $2.7B comes after a previous drop from $47B to $7.8B in September.
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WeWork's losses grew substantially leading up to its failed IPO.
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Miguel McKelvey said making the call to step down from WeWork is one of the "most difficult decisions" of his life.
WeWork deals totalling 220K SF fall out of bed
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WeWork opened two WeLive locations in 2016 in Northern Virginia and New York, and it has yet to expand the brand.
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DFW coworking is set for positive growth even if capital shies away from the market for a while.
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WeWork beefs up its C-suite even further with the addition of a new CFO.
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