What does the term 'going concern issues' refer to in the context of WeWork?
WeWork Plans to Renegotiate Nearly All Leases
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The transcript discusses WeWork's strategy to renegotiate leases and exit unfit locations amid market volatility. A CEO letter highlights past unsustainable growth and the impact of the pandemic. The company aims to avoid Chapter 11 by addressing high operating expenses. The discussion also covers the impact of commercial property price changes and WeWork's future plans to remain in most markets despite challenges.
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In what ways are commercial property prices changing, and how does this affect WeWork?
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