by damien008
WeWork is now the largest owner of property globally. 80% of all people live in a WeHome. Operating losses run at three times revenues. Softbank keeps funding the losses with up-rounds in order to mark-up its own book. There are now hundreds of public hold-cos with fully controlled VC deals participating in similar Masayoshi Schemes. The prevalence of these Masayoshi Schemes leads investors to characterize Ponzi Schemes as small-time amateur frauds for retail investors. Silly Madoff was only thinking in billions while Softbank will collapse the whole Japanese economy when it fails.
Disclaimer: Consult your financial professional before making any investment decision.
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