WeWork has announced that it is planning its S-1, halting the process to go public. 

This news comes after CEO Adam Neumann was ousted last week. 

Co-CEO's Artie Minson and Sebastian Gunningham put out a statement after announcing the plans to pull the S-1. 

"We have decided to postpone our IPO to focus on our core business, the fundamentals of which remain strong," they wrote. 

They then added that they do plan on operating WeWork as a public company in the future. 

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