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SoftBank sees recovery for SoftBank after losses on WeWork and Uber - Business Insider

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SoftBank has taken serious heat for its WeWork and Uber losses — but one Wall Street analyst says the company will recover from here

"We think the worst news is out of the way for the time being," Takahashi wrote in a note to clients Wednesday. "Although it could take some time for expectations for the [SoftBank Vision Fund] business to recover, we expect excessive concern to gradually dissipate."

Takahashi said the $4.56 billion in unrealized valuation losses from SoftBank's stakes in companies including Uber and the $3.5 billion loss from WeWork fell in-line with UBS's expectations.

 

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SoftBank Takes Loss of $4.7 Billion on WeWork InvestmentSoftBank marked down the total value of the company’s equity to $7.8 billion and hasn’t factored in its bailout of the office-sharing company. WeWork will be the bane and beginning of end for Masayoshi...nothing makes sense in this 'investment'...only 'fraud'. Should fire it’s ceo and entire leadership. 4.7bil.. Well that's a lot.
Source: WSJ - 🏆 98. / 63 Read more »