Wework raises going-concern doubt, shares tankWeWork also replaced three board members and added another, stating that it was still continuing its search for a permanent CEO.
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WeWork Inc on Tuesday raised "substantial" doubt about its ability to continue as a going concern, sending its shares down 19% in extended trading.
WeWork also replaced three board members and added another, stating that it was still continuing its search for a permanent CEO after Sandeep Mathrani stepped down in May.