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.
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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.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »
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
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
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! 🚨📉🕳
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »