50 Brands on the Brink of Declaring Bankruptcy

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WeWork, a pioneering office-sharing company, unexpectedly filed for Chapter 11 bankruptcy protection at the end of 2023, a severe setback for the once-dominant disruptor of global workplace relations. WeWork, founded in 2010, rose to prominence by offering flexible and collaborative offices, but its ambitious development and financial mismanagement resulted in its sudden decline.

WeWork

The company's exorbitant expenditure, combined with a failed initial public offering (IPO) in 2019, resulted in a massive debt load and diminishing investor trust. WeWork's struggle to remain profitable and adapt to new work practices, aggravated by the COVID-19 pandemic's impact on office usage, has brought the once-thriving brand close to bankruptcy.

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Did you know...

  • The most expensive hotel room in the world (the Royal Penthouse Suite at the Hotel President Wilson in Geneva, Switzerland) costs $83,200 a night. That's $58 per minute for a stay! Good thing it has 12 bedrooms, 12 baths, a wraparound terrace, a Steinway piano, and an assigned private staff (including a chef)!
  • When it comes to counterfeiters, North Korea are pros. They have gotten so good at counterfeiting American currency (particularly the $50 and $100 bills) they their fakes are known as "superdollars." They require specialized Federal Reserve equipment to be identified. There are $45 million worth of North Korean fakes…that we know of.
  • It's an understatement to say that the odds when playing the lottery are not in your favor. You are statistically three times more likely to die in a car accident while driving 10 miles to buy a lottery ticket than you are to actually win. Even more astounding, over half the tickets in an average lottery draw are bought by only 5% of the participants.
  • Do you know what the lifespan of U.S. currency is? The higher the denomination, the longer it stays in circulation. Both $50 and $100 bills last 9 years. The $20 sticks around for 4 years. $10 bills circulate for 3 years. The $5 bill has a 2-year lifespan, and the $1 bill only lasts around 18 months before being retired. Coins last around 30 years.
  • Want a money saving tip? Ditch credit and debit cards, and stick to carrying around cash. Studies show people spend between 12 – 18% more when using a plastic card as opposed to when paying for things in cash. If you physically have to dole it out, you’re much more aware that you are spending your hard-earned money!