WeWork files for bankruptcy in a stunning downfall from its $47 billion heyday

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WeWork, which was founded in 2010 with the goal of revolutionizing the way people work, has filed for bankruptcy protection. It follows the company warning investors recently that was teetering on the brink of collapse. Ted Shaffrey/AP

Ted Shaffrey/AP

WeWork, the once-buzzy startup that was valued at $47 billion at its peak, filed for Chapter 11 bankruptcy protection on Monday in federal court in New Jersey.

In its bankruptcy petition, the company listed about $15 billion in assets and more than $18 billion in

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