SoftBank ends WeWork tender; remains behind bailout

This is a pretty interesting podcast from Wondery on the fall of WeWork: https://wondery.com/shows/we-crashed/

The best investment softbank ever made was not investing in wework.

Wework is doomed, and eventually so will be Softbank's Vision Fund. The whole sharing thing is dead, thanks to the coronavirus, and will not likely be so popular in the post-virus world.

The whole sharing thing is dead, thanks to the coronavirus

Oh I seriously doubt that.

Anyone who has ever known a junky knows that people are really, really good to getting back on their fixes even after an incident/accident. The world runs on the current extreme-capitalist system. Some people will not fully go back to that, but the overwhelming majority will, and those with the money, will do their best to ensure there isn't change. The status-quo serves them better.

Don't believe me? Look at how we have(n't) changed even as we watch the effects of climate change on our planet every season. We watch it happening, we know it's destroying our planet, yet the vested interests keep pushing it, and we keep using their services.

No, I don't see the world changing that much after this.

Oh I seriously doubt that.

I walked past a Hive in Shibuya yesterday. At the start of new fiscal year on a Friday afternoon, it should be packed. It was dead. Maybe two people?

And you would be crazy to share a car or other space with random strangers nowadays, breathing their air. Dr. Fauci says there's a very good chance this flu will keep returning and never really go away. Thus, people are learning to work at home like never before and many are developing a newfound appreciation for it.