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T. Rowe Price admits WeWork was ‘a terrible investment’

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An earlier version misstated the type of SEC filing and annual report. This story has been updated.

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T. Rowe Price called its WeWork investment a “debacle.”


“We are ready to declare this a terrible investment.”


That’s the blunt conclusion made by a T. Rowe Price Inc. portfolio manager on its WeWork investment.

In the T. Rowe Price Mid-Cap Growth Portfolio’s annual report to shareholders, which was filed with the Securities and Exchange Commission on Thursday, the asset manager














Source marketwatch.com

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