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

27 comments fedilink hide all child comments

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

you are viewing a single comment's thread
view the rest of the comments

[-] delicious_tvarog@lemmy.world 1 points 1 year ago

Merge implies more than one company merging together to become one, which I'm guessing is why we have the term "reverse split"

this post was submitted on 19 Aug 2023

77 points (91.4% liked)

Technology

59588 readers

3418 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS