This bubble is going to burst sooner or later.
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!
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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SoftBank scraps $16 billion WeWork investment in favor of smaller dealSoftBank Group Corp. has scrapped a planned $16 billion investment in shared-office space provider WeWork Cos., opting instead for a smaller deal of about $2 billion amid market turbulence and opposition from investment partners, according to people familiar with the matter.
Source: MarketWatch - 🏆 3. / 97 Read more »
WeWork is changing its name to 'The We Company' as SoftBank invests $2 billionWeWork's rebrand is part of the company's goals to push beyond providing desk space, and to expand into creating residential and educational units. I need SoftBankTeamJPN in my life 🙏🏿 Rename as We’reThucked
Source: BusinessInsider - 🏆 729. / 51 Read more »
SoftBank has slashed a planned $16 billion mega-investment in WeWork after facing objections and will now invest $2 billionThe Japanese tech investor will put just $2 billion into WeWork, down from plans to invest $16 billion, according to the Financial Times. Wamp wamp! 🚨📉🕳
Source: BusinessInsider - 🏆 729. / 51 Read more »