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SoftBank’s Biggest Backers Balk at Planned $16 Billion Acquisition of WeWorkKey investors in SoftBank’s giant tech fund have balked at a planned $16 billion investment in co-working startup WeWork, leaving SoftBank Chief Masayoshi Son to find an alternative as his ambitions hit up against the limits of his financial firepower. We spend $5 billion about every 5 seconds. In the long run it would probably save money in border patrol man hours and costs associated with illegal immigration. Softbank should not put more money in WeWork. It is a losing proposition. A slight slow down in economy would make WeWork business model untenable. What a waste of money, it’s commercial property space not a dot com!
Source: WSJ - 🏆 98. / 63 Read more »