SoftBank founder admits to lapses on WeWork
SoftBank founder Masayoshi Son admitted to a lapse in judgment on WeWork while disclosing that SoftBank Vision Fund and SoftBank Group have written down their positions in the beleaguered co-working space provider by a combined $7.7 billion.
Three months ago, WeWork was valued at $47 billion and preparing for an IPO. Last month, following a crisis in confidence among investors over the company’s governance and precarious financials and the...
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