SoftBank, WeWork’s Largest Investor, Takes Control of the Embattled Office Company, With Co-founder Adam Neumann Stepping Down

The $8 billion deal is dramatically less than the office company’s original valuation of $47 billion.

WeWork Says Thousands of Its Phone Booths Could Have Dangerous Levels of Formaldehyde After People Complained About Odor and Eye Irritation

The company warned tenants that many of the offices’ phone booths were being removed due to ‘potentially elevated levels of formaldehyde.’