In latest headache for cash-strapped company, WeWork says it has closed about 2,300 phone booths amid formaldehyde scare

WeWork, the cash-strapped office-sharing company, has a new problem that may prove costly. It has closed about 2,300 phone booths at some of its 223 sites in the United States and Canada after it says it discovered elevated levels of formaldehyde.

The company said in an email to its tenants on Monday that the chemical could pose a cancer-risk if there is long-term exposure.

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