SoftBank's Vision Fund is giving up its nearly 50% stake in the dog-walking startup Wag, as the company continues to struggle. A memo circulated among Wag employees informed them that the company was parting ways with SoftBank and cutting a significant number of jobs. The news was first reported by the Wall Street Journal's Cara Lombardo. The dog-walking startup has faced significant obstacles lately, including the departure of its former CEO Hilary Schneider last month.
SoftBank's Vision Fund is giving up its nearly 50% stake in the dog-walking startup Wag, as the company continues to struggle. A memo circulated among Wag employees informed them that the company was parting ways with SoftBank and cutting a significant number of jobs. The news was first reported by the Wall Street Journal's Cara Lombardo. The dog-walking startup has faced significant obstacles lately, including the departure of its former CEO Hilary Schneider last month.
Source: News Formal (newsformal.com)
Has SoftBank made ANY good investments in the past decade?
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