WeWork announces 1-for-40 reverse stock split to retain New York listing (www.ft.com)

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WeWork announces 1-for-40 reverse stock split to retain New York listing::US office space group recently warned it faced ‘substantial doubt’ about ability to continue as a going concern

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[-] delicious_tvarog@lemmy.world 1 points 1 year ago

Merge implies more than one company merging together to become one, which I'm guessing is why we have the term "reverse split"

this post was submitted on 19 Aug 2023

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