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

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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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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[–] GentlemanLoser@ttrpg.network 28 points 1 year ago (1 children)

You'd think, but in fact that is what it's actually called in the financial world.

https://www.investopedia.com/terms/r/reversesplit.asp

[–] hellothere@sh.itjust.works 3 points 1 year ago

Well don't I look foolish!