Trading in WeWork halted as rumours about bankruptcy continue to swirl

Rumours have been circulating that WeWork is seeking bankruptcy (Jonathan Brady/PA)

Trading in shares of WeWork was halted on Monday following rumours that the office-sharing company, once valued as high as 47 billion dollars (£38 billion), will seek bankruptcy protection.

Last week, The Wall Street Journal and other media outlets reported that WeWork was planning to file for Chapter 11 bankruptcy protection as early as this week — citing unnamed sources familiar with the matter.