WeWork — once one of the world's hottest startups — declares bankruptcy
CBSN
WeWork, the formerly high-flying shared office space company that was once among the world's most valuable startups, filed for bankruptcy on Monday after years of deteriorating financial performance.
WeWork's collapse caps a startling decline for a company that was valued at $47 billion in early 2019 after a torrent of venture capital funding from Japan's Softbank, Goldman Sachs, BlackRock and other blue-chip investors. Over time, its operating expenses soared and the company relied on repeated cash infusions from private investors.
WeWork leases buildings and divides them into office spaces to sublet to its members, which include small businesses, startups and freelancers who want to avoid paying for permanent office space. The company began struggling right out the gate, however, because millions of Americans converted to remote work and no longer needed office space when mandatory COVID lockdowns were in place.
On the eve of the D-Day invasion, Gen. Dwight Eisenhower spent the remaining hours of daylight with the paratroopers who were about to jump behind German lines into occupied France. A single moment captured by an Army photographer became the most enduring image of America's greatest military operation.
This story previously aired on March 6, 2016. Child Advocate: Do you know why you are here today? 911 operator: 911. What is your emergency? 911 operator: Is there anybody else in the house with you? Robin Doan [to 911]: I so hope my mom is not dead. Robin Doan [to 911]: Please can you just send somebody out here? Robin Doan [to 911]: I'm cold. I'm very cold. Robin Doan [to 911]: I heard my mama scream ... Robin Doan [to 911]: I want my mom. I want my mom. Robin Doan [to 911]: It's on Highway 70. It's about 13.3 miles out from the bowling alley. I have a purple shirt on I have purple pants on. Robin Doan [to 911]: All I want right now is my blanket and my pillow. ... I see him. I see him. Robin Doan [advocate interview]: I really don't want to go to sleep anymore. It makes me to where I'm too scared. I really don't want to go to sleep. OK. Robin Doan [advocate interview]: He had shot in my room and missed me. Advocate: Did you hear anybody say anything. Could you hear anybody talking? Robin Doan [advocate interview]: I don't know this for sure but I thought I saw a white eyes ... a white face. Robin Doan [advocate interview]: And when he shot I saw a flash. Robin Doan [advocate interview]: I can't talk about it. It's too heartbreaking. Levi King interrogation: Before I even realized it, I mean, I'd just pointed it at him and fired.
President Joe Biden and first lady Jill Biden were honored at a state dinner in Paris at the Presidential Elysee Palace on Saturday, hosted by French President Emmanuel Macron and first lady Brigitte Macron marking the 80th anniversary of D-Day two days prior and the strength of the countries' long alliance.