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WeWork Files For Bankruptcy, Shaking Coworking Industry

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previously a coworking industry titan, has filed for bankruptcy following a long string of financial struggles. The company’s stock fell an astonishing 98 percent in 2023, requiring a reverse stock-split to retain NYSE listing as it had dipped well below $1.00 filed for Chapter 11 bankruptcy protection in the U.S. WeWork Inc.,

Filing 273
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U.S. Unemployment Filings Remain High

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What’s going on: The Labor Department reported on Thursday that the first-time filings for unemployment benefits were 264,000 last week, according to Associated Press. Unemployment Filings Remain High appeared first on Allwork.Space.

Filing 243
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8 Crucial Tax Filing Tips For Freelancers

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who earn freelance income face confusing tax guidelines and difficult requirements for filing your own taxes. . It’s confusing and difficult, for most people, to know how you’re supposed to file your own taxes when freelance income has been earned from one-time jobs or contract work. . Contractors and other gig workers in the U.S.

Filing 327
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Lawsuit Filed Against Open AI Amidst Privacy Concerns

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What’s going on: OpenAI, a leading artificial intelligence (AI) company and creator of the popular Chat GPT, is facing multiple lawsuits alleging violations of privacy and copyright laws, according to DigiDay. The lawsuits, filed by Clarkson Law Firm , do not name specific plaintiffs but represent over a dozen individuals.

Filing 260
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WeWork Preparing to File for Bankruptcy Amid Massive Debt and Losses

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WeWork is reportedly preparing to file for bankruptcy as soon as the coming week, according to an insider, due to the company’s significant debt and considerable losses. The flexible workspace provider is contemplating filing a Chapter 11 petition in New Jersey, as per the WSJ’s sources.

Filing 162
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Revlon Has Filed For Chapter 11 Bankruptcy

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The trend of companies preparing for an incoming recession in the next year continues. . This time, cosmetics beauty brand Revlon has filed for Chapter 11 bankruptcy due to growing debts, supply chain issues, and increased competition. . The post Revlon Has Filed For Chapter 11 Bankruptcy appeared first on Allwork.Space.

Filing 211
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Financial Chaos Amplifies As WeWork Is Days From Filing For Bankruptcy

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WeWork is on the brink of filing for Chapter 11 bankruptcy protection, which could happen as early as next week. Following the Tuesday afternoon reports, WeWork’s shares plummeted by 37% in pre-market trading, according to CNN Business. During regular trading stock market hours this percentage reached over 40%.

Filing 147