News Formal

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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »