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WeWork announces 1-for-40 reverse stock split to retain New York listing (www.ft.com)

submitted 2 years ago by [email protected] to c/[email protected]

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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

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[–] [email protected] 15 points 2 years ago (2 children)

Now, I'm not as smart as the refined folk at the FT, but I think the word they are looking for is "merge", not "reverse split".

[–] [email protected] 30 points 2 years ago (1 children)

You'd think, but in fact that is what it's actually called in the financial world.

https://www.investopedia.com/terms/r/reversesplit.asp

[–] [email protected] 3 points 2 years ago

Well don't I look foolish!

[–] [email protected] 9 points 2 years ago (1 children)

finance is full of that kind of terms that would even be goofy if they weren't that misleading.

when the economy contracts very often is called 'negative growth'.