WeWork Bankruptcy: There is no dip to buy

Once the biggest office tenant in Manhattan, the fall of WeWork is seen as a symtpom of atough environment for commercial real estate and 'tech-related' startups. Remarkably, many stock commentators have taken the chance to remind retail investors this is not a time to buy.

In a post-Wall Street Bets world, investors are more eager than ever to take advantage of dramatic short squeezes and volatility plays. Even when exchanges schedule the delisting of a company and halt trading on illiquid assets, retail still thinks there is a chance to go "to the moon."

Check out this investor who took to Twitter to call out Fidelity for delisting BBBY after the firm went bankrupt. Some consumers don't understand when a company files for Chapter 11, they are defaulting on their debts and restructuring, renegotiating, and selling off entire sections of the institution to pay off creditors.

Blockbuster, Sears, and more have all faced bankruptcy when their businesses fell apart, causing exchanges to delist their shares. There is a chance, however slim, that sections of the company may survive- like the ghostly sears at the nearby Jersey City New Port Mall.

WeWork laid off thousands of employees in 2019 even while planning its blockbuster SPACs IPO, and the troubles never stopped. The firm faced a global pandemic and dramatic change to regular office culture in America, all the while hemorrhaging money.

Founder Adam Neuman, who stepped down in 2019, pitched a promise to change the world by upgrading working life with a chill, community office vibe where the beer is on tap. Instead, WeWork delivered $3b in loss overall and never once turned a profit.

Saddled with 777 properties across 39 countries, the firm filed in a New Jersey court to renegotiate debt and rental contracts.