Softbank Will Succeed Even If Its WeWork Investment Doesn’t Work Out
A client asked recently for my view on Japanese conglomerate SoftBank GroupRelated Stocks: OTCPK:SFTBY, XTER:RGUB,.....»»
Softbank Will Succeed Even If Its WeWork Investment Doesn’t Work Out
A client asked recently for my view on Japanese conglomerate SoftBank GroupRelated Stocks: OTCPK:SFTBY, XTER:RGUB,.....»»
CEOs at JPMorgan and WeWork caught flak for saying remote work doesn"t work for young, ambitious, and engaged staff. Surveys of Gen-Zers suggest they could be right.
Julia Lamm from PwC said young workers can benefit from observing coworkers or tagging along in meetings with managers when they're in an office. Luis Alvarez/Gett.....»»
JPMorgan"s and WeWork"s CEOs say remote work doesn"t work for young, ambitious, and engaged staff, and research shows there are perks to returning to the office for young workers
Julia Lamm from PwC said young workers can benefit from observing coworkers or tagging along in meetings with managers when they're in an office. Luis Alvarez/Gett.....»»
Sandeep Mathrani"s first TV interview as WeWork"s CEO on future of work amid crisis
WeWork CEO Sandeep Mathrani joins "Squawk Box" for his first TV interview as chief executive to discuss the future of work during the coronavirus pandemic, how offices may evolve as well as founder Adam Neumann's lawsuit against SoftBank......»»
SoftBank is taking a $6.6 billion hit from WeWork"s stumbles
Softbank is taking a $6.6 billion hit on its WeWork investment. The company's value has sunk drastically in recent months following its failed IPO bi.....»»
SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets......»»
SoftBank writes down WeWork by $6.6 billion, compounding portfolio misery
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets......»»
SoftBank sees $8.4 billion net loss on WeWork writedown
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, extending the group's expected net loss to 900 billion yen......»»
Stock buybacks and cutting losses: SoftBank, the Japanese investment giant behind WeWork, is under immense pressure to shield itself from an upcoming downturn
Reuters SoftBank is selling key assets to buy back stock in an effort to cushion its stock, which has plummeted over 50% since mid-February because of fears over the coronavirus outbreak, the co.....»»
WeWork board"s special committee is demanding that SoftBank follow through with investment
In an email on Sunday, the special committee to the WeWork board said that it's attempting to ensure that SoftBank complete its tender offer as promised......»»
Bernstein Analyst Says Masa May Have "Last Laugh" With SoftBank"s WeWork Investment
Bernstein Analyst Says Masa May Have "Last Laugh" With SoftBank's WeWork Investment Seemingly unaware that everybody in the world is already laughing.....»»
"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.....»»
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.....»»
SoftBank"s latest valuation of WeWork is lower than previously thought — at under $5 billion
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.....»»
"I Regret It In Many Ways:" SoftBank Chairman on WeWork Investment
SoftBank Group Corp (TYO: 9984) Chairman Masayosh.....»»
Vitaliy Katsenelson"s Contrarian Edge: I thought I’d own SoftBank stock for decades, but the WeWork debacle changed my mind
When SoftBank started throwing good money after bad to rescue WeWork, Vitaliy Katsenelson’s investment firm sold its shares......»»
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......»»
"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.....»»
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......»»