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- WeWork says “substantial doubt exists about the Company’s ability to continue”, as net margin is at -47%
WeWork says “substantial doubt exists about the Company’s ability to continue”, as net margin is at -47%
Bay Area Times
August 09, 2023
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Top stories today:
1. WeWork says “substantial doubt exists” about the company's existence
2. LK-99 “not a superconductor”, says University of Maryland group
3. Whatsapp launches Screen Sharing on mobile and desktop
4. Lyft revenue only +3% to $1.02B as revenue per rider was -5%
5. Stability AI launches StableCode, open source LLM for coding
6. China falls into deflation in July: CPI -0.3% YoY, PPI -4.4%
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
