tech

SoftBank reaches deal with WeWork

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WeWork was a dazzling unicorn valued at $47 billion, and SoftBank's founder Masayoshi Son had openly hailed Neumann's vision.

But things began to unravel as the firm lost cash and cancelled its share offering, with the ex-CEO pushed out -- albeit with a generous package.

Looking at Neumann and Trump for example, the message society is sending is that white collar crime pays. WeWork had nothing to do with tech and was an old fashioned real estate swindle that paid out big.

3 ( +5 / -2 )

Looks like Softbank is planning to rent all their offices.

Softbank workers will use this shared desks a la WeWork style.

3 ( +3 / -0 )

It would be an interesting thesis for MBA students to analyze Son’s decision making from a to Z on this deal. Can Son vindicate himself and spin this around?

2 ( +2 / -0 )

It would be an interesting thesis for MBA students to analyze Son’s decision making from a to Z on this deal. Can Son vindicate himself and spin this around?

This isn't the only bad investment he has made, either.

5 ( +5 / -0 )

Pouring funds into lemons.

https://edition.cnn.com/2020/02/25/tech/softbank-startup-layoffs/index.html

1 ( +1 / -0 )

Concept is nice, save money by organizations renting facilities on a short term basis . . . we enjoyed visiting WW, Ginza Six some years ago . . . .

1 ( +1 / -0 )

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