According to BlockBeats, Reuters quoted people familiar with the matter as saying that New York-based WeWork plans to file for bankruptcy as early as next week. Affected by this news, WeWork's stock price fell 32% in after-hours trading, and the cumulative decline this year is about 96%. WeWork has been controversial since before its IPO. In September 2019, major shareholder SoftBank Group urged it to shelve its IPO plan, but WeWork continued to advance its $20 billion IPO stock offering plan. That month, WeWork founder Adam Neumann resigned as CEO and retained the position of non-executive chairman, but his voting shares will be reduced from 10:1 to 3:1, losing the majority voting rights. In May last year, Flowcarbon, a blockchain carbon credit trading platform supported by Neumann, completed a $70 million financing, of which $32 million was led by a16z, with General Catalyst and Samsung Next participating.