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SoftBank founder calls his judgment ‘really bad’ after $4.7B WeWork loss

Masayoshi Son says of WeWork co-founder Adam Neumann: ‘I shut my eyes to a lot of his negative aspects’.....»»

Category: topSource: foxnewsNov 6th, 2019

SoftBank founder calls his judgment ‘really bad’ after $4.7B WeWork loss

Masayoshi Son says of WeWork co-founder Adam Neumann: ‘I shut my eyes to a lot of his negative aspects’.....»»

Category: topSource: foxnewsNov 6th, 2019

SoftBank"s Son admits mistakes after Vision Fund"s $8.9 billion loss

SoftBank plunged to its first quarterly loss in 14 years on Wednesday, dragged down by an $8.9 billion hit at its giant Vision Fund, as CEO Masayoshi Son admitted poor investment judgment and turning a blind eye to problems at startup WeWork......»»

Category: topSource: reutersNov 6th, 2019

SoftBank CEO Son says his judgment on WeWork was poor in many ways

SoftBank Group Corp fell into the red in the second quarter for the first time in 14 years, with its gigantic Vision Fund suffering a 970 billion yen ($8.9 billion) loss on plunging valuations of WeWork and Uber Inc......»»

Category: topSource: reutersNov 6th, 2019

"The last person I felt this with was Jack Ma" — SoftBank"s Masayoshi Son reportedly compared WeWork"s Adam Neumann to Alibaba"s founder

Getty SoftBank CEO Masayoshi Son reportedly told WeWork's cofounder and former boss Adam Neumann that he reminded him of Alibaba's founder, the driving force behind Son's most successful investment ever. "The last.....»»

Category: topSource: businessinsiderNov 16th, 2019

Sprint, T-Mobile Shares Slump On Reports CEO Legere In Talks To Run WeWork

Sprint, T-Mobile Shares Slump On Reports CEO Legere In Talks To Run WeWork After pushing out co-founder and (now former) CEO Adam Neumann, it looks like SoftBank is ge.....»»

Category: blogSource: zerohedgeNov 11th, 2019

WeWork, ex-CEO Neumann, Softbank sued over botched IPO, plummeting value

WeWork officials, including co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public offering and saw its value plunge more than 87%......»»

Category: topSource: reutersNov 8th, 2019

SoftBank leader defiant as WeWork mess triggers $6.5 billion loss

Masayoshi Son struck a defiant tone after his  reported an enormous loss from investments in money-losing startups Uber.…; The Japanese billionaire paced a stage in Tokyo on Wednesday showing off... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 8th, 2019

Check out SoftBank CEO Masayoshi Son"s wildly optimistic slides about turning WeWork profitable

KAZUHIRO NOGI/AFP via Getty Images SoftBank published its financials for the July to September quarter on Wednesday, posting a big loss thanks to the poor performance of its investme.....»»

Category: topSource: businessinsiderNov 7th, 2019

SoftBank CEO says there will be no "rescue" investments after WeWork debacle

After SoftBank reported its first quarterly loss in 14 years on Wednesday, CEO Masayoshi Son told investors that there may be more failures in the Vision Fund......»»

Category: realestateSource: cnbcNov 6th, 2019

SoftBank CEO defiant as WeWork triggers $6.5B loss

Masayoshi Son struck a defiant tone after his SoftBank Group Corp. reported an enormous loss from investments in money-losing startups WeWork and Uber Technologies Inc......»»

Category: topSource: moneycentralNov 6th, 2019

SoftBank"s Son humbled by WeWork debacle

SoftBank plunged to its first quarterly loss in 14 years Wednesday after valuations tumbled for some of its top tech bets, not least WeWork. Julian Satterthwaite reports......»»

Category: videoSource: reutersNov 6th, 2019

"I shut my eyes," SoftBank CEO Masayoshi Son says after losing more than $4.7 billion on WeWork

Kim Kyung-Hoon/Reuters SoftBank lost at least $4.7 billion by investing in WeWork after the shared-workspace group's IPO collapsed and its valuation plunged from $47 billion in January to below $10 billion. "My own investment judgment was r.....»»

Category: topSource: businessinsiderNov 6th, 2019

After WeWork Disaster, SoftBank"s Masa Son Says "Bad Judgement" Led To First Loss In Decade

After WeWork Disaster, SoftBank's Masa Son Says "Bad Judgement" Led To Firs.....»»

Category: blogSource: zerohedgeNov 6th, 2019

SoftBank"s Son humbled after Vision Fund"s $8.9 billion loss

SoftBank reported its first quarterly loss in 14 years on Wednesday, whiplashed by an $8.9 billion hit at its giant Vision Fund and marking a rare, humbling moment for CEO Masayoshi Son over his backing of troubled startup WeWork......»»

Category: topSource: reutersNov 6th, 2019

Dow Jones Newswires: SoftBank books $4.7 billion loss due to WeWork investment

SoftBank said the loss represented the difference between what it considered the fair value of its wholly owned subsidiary’s stake in WeWork as of the end of September and the price at which SoftBank had purchased that stake......»»

Category: topSource: marketwatchNov 6th, 2019

SoftBank reported an eye-watering $6.5 billion loss in the wake of WeWork"s catastrophic failed IPO

Thomson Reuters SoftBank Group recorded an eye-watering quarterly loss of $6.5 billion early Wednesday, spurred by some of it biggest tech invstments like Uber and WeWork.  The Japanese investment giant last month spent over $10 billion bailing&nbs.....»»

Category: topSource: businessinsiderNov 6th, 2019

SoftBank Group plunges to $6.5 billion quarterly loss as tech bets stumble

SoftBank Group Corp plunged on Wednesday to a quarterly loss that was far larger than analysts' estimates, hit by the falling valuations of some of its biggest tech bets such as WeWork and Uber Technologies......»»

Category: topSource: reutersNov 6th, 2019

Cuomo might have to wade into MTA-union stalemate

SoftBank Group Corp. is taking control of WeWork, part of a rescue financing plan that will see founder Adam Neumann depart the company’s board, according to people familiar with the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 26th, 2019

MTA says fare evasion could cost it $300 million this year

SoftBank Group Corp. is taking control of WeWork, part of a rescue financing plan that will see founder Adam Neumann depart the company’s board, according to people familiar with the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 26th, 2019

Macy’s shedding fur sales

SoftBank Group Corp. is taking control of WeWork, part of a rescue financing plan that will see founder Adam Neumann depart the company’s board, according to people familiar with the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 26th, 2019