Advertisements



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

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

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

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

WeWork reportedly plans to lay off at least 4,000 people

The company is recovering from major losses after a failed IPO in September and reported a loss of $1.25 billion in the third quarter......»»

Category: topSource: moneycentral19 hr. 51 min. ago

WeWork reportedly plans to lay off at least 4,000 people

The company is recovering from major losses after a failed IPO in September and reported a loss of $1.25 billion in the third quarter......»»

Category: topSource: moneycentral19 hr. 51 min. ago

SoftBank is reportedly holding up a big chunk of its $9.5 billion bailout of WeWork — and it"s causing "lots of anxiety"

Reuters WeWork is still waiting f.....»»

Category: topSource: businessinsiderNov 15th, 2019

WeWork"s third-quarter losses and cash crunch show why SoftBank valued it below $5 billion

Jackal Pan/Getty Images WeWork revealed mushrooming losses and dwindling cash reserves in its third-quarter earnings on Thursday. The coworking star.....»»

Category: topSource: businessinsiderNov 14th, 2019

WeWork Posts Record Loss In Q3: Report

Co-working space startup WeWork made a net loss of $1.25 billion in the third quarter in 2019, the company told its investors on Wednesday, according to the Wall Street Journal. 0 read more.....»»

Category: blogSource: benzingaNov 14th, 2019

WeWork Posts Record Loss In Q3: Report

Co-working space startup WeWork made a net loss of $1.25 billion in the third quarter in 2019, the compa.....»»

Category: earningsSource: benzingaNov 14th, 2019

WeWork"s Quarterly Loss Exploded To $1.3 Billion Ahead Of Failed IPO

WeWork's Quarter.....»»

Category: blogSource: zerohedgeNov 13th, 2019

WeWork reported $1.25B loss in Q3, NY Times reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallNov 13th, 2019

Osram backs AMS takeover as auto downturn triggers 2019 loss

Osram urged shareholders to back a $5 billion takeover bid from Austria's AMS and said it would cut costs and not pay a dividend as it posted a loss for the fiscal year ending in September, hit by a downturn in the auto industry......»»

Category: topSource: reutersNov 12th, 2019

WeWork"s value plunged more than 80% to below $5 billion last quarter, SoftBank says. Here"s why that"s a staggering drop

Jackal Pan / Getty Images SoftBank slashed its pre-bailout valuation of WeWork by more than 80% to below $5 billion last quarter. The humbling price tag rep.....»»

Category: topSource: businessinsiderNov 8th, 2019

SoftBank lays out "optimistic" plans about turning WeWork profitable, BI reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallNov 8th, 2019

WeWork"s value plummeted more than 80% to below $5 billion last quarter, SoftBank says

Koki Nagahama/Getty Images SoftBank slashed its pre-bailout valuation of WeWork by 83% in three months to $4.9 billion, according to an investor presentation dated for release on Friday. SoftBank Investment Advisors, which manages the Japanese.....»»

Category: topSource: businessinsiderNov 8th, 2019