Why WeWork Stock Was Falling Today
Shares of WeWork (NYSE: WE), the struggling office rental company, were taking a dive today after the company surprised investors by announcing a change in CEO just a week after it reported first-quarter earnings.
As of 2:08 p.m. ET, the stock was down 17% on the news.
In a press release last night, WeWork said that CEO Sandeep Mathrani would be stepping down as chairman, CEO, and director of WeWork as of May 26.
Source Fool.com
