Rajeev Misra, the manager of SoftBank's Vision Fund, espoused optimism for the future of the fund in the next 18 to 24 months,Misra and SoftBank have faced criticism after WeWork's failed attempt to go public and an explosive report from The Wall Street Journal claimed that Misra oversaw an operation to blackmail a former SoftBank executive.
It spent $10 billion bailing out WeWork after its IPO plans imploded and installed Misra to oversee what it hopes will be a turnaround. And as Misra has become an increasingly powerful executive within SoftBank's ranks, criticism has also been directed at Misra himself. The executive was accused in a report from The Wall Street Journal ofa former SoftBank president by attempting to lure him into a "honey trap" with compromising sexual photos. Misra and SoftBank have denied the claims.
Vision Fund's struggle comes at an inopportune time considering the state of global economics amid the coronavirus outbreak, with the S&P 500 dipping into one of its worst weeks since 2008. One-third of the companies in Vision Fund 1 are based in Asia.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SoftBank-backed hotel startup Oyo will cut 5,000 staff as coronavirus bites - Business InsiderSoftBank-backed hotel startup Oyo will cut 5,000 staff as coronavirus bites sumanthraman It is unfortunate that oyorooms had been on the pruning spree for a while now. It is good that the coronavirus does not affect the crypto industry so much. NaijaFlyingDr Just to show you how businesses will prioritize profit amd overhead over anything else. It's just business 😃
Source: BusinessInsider - 🏆 729. / 51 Read more »
Next recession: Robert Shiller sees 'existential threat' from AI fear - Business InsiderNobel laureate Robert Shiller identifies a rising 'existential threat' to the economy's expansion — and tells us why it's similar to what made the Great Depression so severe Hindsight is always perfect. Why did Shiller & other great academics not see the risk of putting our national egg in a Chinese basket? realDonaldTrump POTUS EricTrump Hlo sir if u help to me I need 1000 dollar to start my business and I need it I promise I will return you back
Source: BusinessInsider - 🏆 729. / 51 Read more »
Dispensed Business Insider's weekly healthcare newsletter March 6 - Business InsiderDispensed: How the US is confronting the novel coronavirus, Oscar and Clover's 2019 financial results, and the big business of direct-to-consumer healthcare
Source: BusinessInsider - 🏆 729. / 51 Read more »
Shops in NYC's Chinatown are losing business due to coronavirus fears - Business InsiderThe downturn began even before the coronavirus reached New York City, and coincides with a rise in anti-Chinese sentiment. suemarino 😪 Just wait. Shops everywhere are losing money where I am :) You'll wish it was just chinatown too bad because the food is so wholesome and healthy
Source: BusinessInsider - 🏆 729. / 51 Read more »