WeWork, once the poster child of the global coworking boom and later one of the most dramatic fall-from-grace stories in the startup world, received a rare dose of optimism this week. Its stock surged more than 7% after Jefferies initiated coverage with a bullish ‘Buy’ rating, signalling that parts of the investment community may finally be warming up to the company’s ongoing turnaround efforts.
The rally followed Jefferies’ fresh report highlighting stabilising fundamentals, improving occupancy trends, and “meaningful early signs of financial discipline” under the company’s revamped leadership. While the coworking giant has spent the past few years battling credibility erosion and heavy lo
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