Future of work newsletter free subscription Future of work newsletter free subscription Future of work newsletter free subscription
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Workspaces Run Better On UltraSoftBIS
Home News Coworking

Will Retail Investors Target WeWork as the Next “Meme Stock?”

The coworking company witnessed an unexpected, but temporary, 162% surge in its share price last week — which some believe is due to the “meme-stock” investing.

Dominic CatacorabyDominic Catacora
August 14, 2023
in Coworking
Reading Time: 3 mins read
A A
Will Retail Investors Target WeWork as the Next “Meme Stock?”
Advertisements
Kube Suite

More stories for you

The Real Reason Coworking And Flex Spaces Struggle To Make Money

The Real Reason Coworking And Flex Spaces Struggle To Make Money

1 day ago
WeWork Returns to NYC with First New Location Since 2019

WeWork Returns to NYC with First New Location Since 2019

1 day ago
Mail Compliance Made Simple What Every U.S. Coworking Operator Should Know

Mail Compliance Made Simple: What Every U.S. Coworking Operator Should Know

2 days ago
Coworking Explodes Across EMEA, Tripling In Size As Hybrid Work Reshapes Office Demand

Coworking Explodes Across EMEA, Tripling In Size As Hybrid Work Reshapes Office Demand

6 days ago

What’s going on:      

WeWork, despite its financial troubles and warnings of “substantial doubt” about its ability to continue operating, witnessed an unexpected 162% surge in its share price last week, which some believe is due to the “meme-stock” investing, according to Markets Insider.  

This trend follows comparable movements in companies like Yellow and Tupperware, both of which also experienced sharp increases in stock prices after announcing similar financial setbacks. Markets Insider reports that these kinds of investment patterns can be traced back to early 2021, when GameStop experienced the same kind of surge — instigated by retail investors on Reddit. The investment strategy involves driving up stock prices for faltering but well-known companies, potentially offering these businesses a fresh chance to raise funds by selling shares at elevated prices. 

Advertisements
Maximize Flexible Space Revenue

Despite WeWork’s temporary and artificial elevation in stock price, the coworking giant ended up trading at around 20 cents by the end of last week, according to Finshots.in.  

Why it matters:  

WeWork is facing the very serious possibility of bankruptcy, and companies on the brink of bankruptcy traditionally experience stock price declines. However, in the world of meme stocks, companies in these situations have recorded unexpected boosts in their stock prices. This kind of unusual and temporary price movement contradicts traditional financial wisdom.  

Advertisements
Maximize Flexible Space Revenue

WeWork saw the resignation of three board members last week including Vivek Ranadive, Daniel Hurwitz and Veronique Laury, who reportedly left due to disagreements about company governance and strategy. The coworking provider made swift leadership changes, appointing four new directors to its board, who reportedly have previous experience in managing corporate bankruptcies and restructurings.  

It’s also reported that WeWork is exploring new avenues like franchising and software services to pivot its business model and survive these financial challenges. However, it’s unclear what the effect of meme stock culture will have on the company once valued at around $50 billion in 2018. 

How it’ll impact the future:    

If the investment trend affects WeWork as it did in companies like Yellow and Tupperware, it might provide very temporary financial relief for the coworking giant. However, it also raises questions on whether the company stands on solid foundations. The story of WeWork reflects the evolving nature of workspaces and the shift towards more flexible, hybrid work environments. WeWork is influential as one of the major competitors in the coworking industry. No matter if the company succeeds or fails in maneuvering these challenges, the outcome will likely impact commercial real estate markets and the flexible workspace industry.  

Advertisements
Subscribe to the Future of Work Newsletter
Source: Markets Insider
Tags: Coworking
Share5Tweet3Share1
Dominic Catacora

Dominic Catacora

Dominic Catacora is a Staff Writer for Allwork.space. He is based in Pittsburgh, PA. He graduated from Radford University in 2017 with a Bachelor of Science degree in Media Studies - Journalism. He has previously covered the Historic Triangle as a journalist living in Williamsburg, Va, and is now focused on writing related to the future of work.

Other Stories Recommended For You

The Real Reason Coworking And Flex Spaces Struggle To Make Money
Coworking

The Real Reason Coworking And Flex Spaces Struggle To Make Money

byHarun Biswas
1 day ago

Coworking spaces struggle with hidden costs and need tech and cost visibility to stay profitable.

Read more
WeWork Returns to NYC with First New Location Since 2019

WeWork Returns to NYC with First New Location Since 2019

1 day ago
Mail Compliance Made Simple What Every U.S. Coworking Operator Should Know

Mail Compliance Made Simple: What Every U.S. Coworking Operator Should Know

2 days ago
Coworking Explodes Across EMEA, Tripling In Size As Hybrid Work Reshapes Office Demand

Coworking Explodes Across EMEA, Tripling In Size As Hybrid Work Reshapes Office Demand

6 days ago
Advertisements
Nexudus - Tech Stack Lovers
Advertisements
Yardi Kube automates flex and coworking operations

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00