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We now know exactly how much all the WeWork drama of the past few months cost SoftBank, one of its largest investors. As Investor’s Business Daily reports, SoftBank has reported a quarterly loss of … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter However many billions of other people’s money your outfit burns, just make sure you walk away a billionaire. SoftBank – the Japanese conglomerate that is the … Read more
The WeWork saga rages on as SoftBank continues to sink money into the office-sharing project. RT Correspondents Faran Fronczak and Rachel Blevins are both on hand today to break down … Read more
by rjsh927 Fair, a car subscription start-up that partners with Uber and is backed by SoftBank, will cut 40% of its workforce with immediate effect. Several co-founders and CFO are … Read more
the tide is going out, softbank and jpm naked pic.twitter.com/hC1gCG3SoL — Alastair Williamson (@StockBoardAsset) October 22, 2019 A company that is out of cash next week almost IPO’d at a … Read more
WeWork, once valued at $47 billion, will be worth as little as $7.5 billion on paper as SoftBank takes control of the struggling co-working business, CNBC reports. SoftBank, a long-time WeWork investor, plans … Read more
Its scheme has run into trouble, and a lot is at stake. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: The biggest force behind the startup … Read more
The biggest force behind the startup bubble in the US has been SoftBank. But the scheme has run into trouble, and a lot is at stake
www.ft.com/content/7465729e-dfdb-11e9-b112-9624ec9edc59 SoftBank is in talks with WeWork to increase a $1.5bn investment… SoftBank is considering promising an extra $1bn or more to change the terms of a warrant agreement it … Read more
via Josh Wolfe: 1/ On SOFTBANK Of the $95B of Vision Fund 1 -$25B came from Softbank itself -$60B came from Saudis + Abu Dhabi -$10B others Of the 80 … Read more
It really is stunning the amount of $$ thrown at WeWork. Softbank invests at a $47 bln valuation – now likely worth only $20 bln!!?? SoftBank employess face loss and … Read more
SoftBank backed Uber in early 2018, buying shares from existing investors for $48.77 a piece and purchasing new shares at just under $33. On Tuesday, Uber fell to a record … Read more
Submitted by Eric Peters, CIO of One River Asset Management “The power to predict the future is about to emerge,” declared Masayoshi Son. “The amount of data will grow by … Read more
techcrunch.com/2019/05/01/a-30-mph-e-bike-to-compete-with-cars-in-cities-investors-just-bet-20-million-on-it/ Bird and Lime are scooting along, backed by hundreds of millions in venture capital. But there are still plenty of companies hoping to dominate the still-nascent micromobility market, given … Read more
by: Ethan Huff (Natural News) The second richest man in Japan recently lost a boatload of cash after deciding to sell his Bitcoin holdings, which he purchased at just about the worst … Read more
Billionaire Masayoshi Son reportedly made a massive bet on bitcoin near the peak of the digital currency’s frenze in 2017. The founder of Japanese conglomerate SoftBank personally lost over $130 million when … Read more