October 31, 2023 at 4:28 PM EDT

Updated on

October 31, 2023 at 5:06 PM EDT

WeWork Inc. plans to file for bankruptcy as early as next week, the Wall Street Journal reported Tuesday.

The company had one of the most dramatic trajectories of the last startup boom — reaching a valuation of $47 billion before a disastrous attempt at an initial public offering and challenges to its co-working model during the pandemic.

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WeWork Plans to File for Bankruptcy, WSJ Reports