FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato
- SoftBank Group Corp is expected to outline tougher governance standards and restrictions on dual-class share structures on Wednesday after WeWork pulled its IPO, the Financial Times reported on Monday, citing people briefed on the plan. The Japanese conglomerate will apply the new standards to future investments and is tightening governance at companies it backs, the FT said.
SoftBank was set to write down at least $5 billion due to a slump in the value of the U.S. office sharing startup and some other top holdings, according to a media report.
Only took 40 bln loss
Probably need a new CEO 🤣
Maybe do it before your huge public failure.
Jajajaja pobres japoneses
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WeWork Isn’t the Only Stumble for Softbank’s Vision FundSoftBank built its nearly $100 billion Vision Fund on the premise that it could pick and boost the most promising startups. WeWork was a high-profile failure, but it’s not the only one that has struggled. fairtheapp is dying they never should have had depots in the first place. order the car on the app, it should be delivered to me in an hour. that's how you disrupt. charging 40% more than people who get you a car via kiosk in 5 min? that's how you waste $380 million softbank WeWork is a ponzi scheme joke. Wait a minute! Are you saying that throwing money at something doesn't work to create success? Someone should inform the politicians.
Source: WSJ - 🏆 98. / 63 Read more »
Former WeWork Staffer Files Complaint Against Ousted CEO Adam Neumann For Pregnancy Discrimination
Source: ForbesWomen - 🏆 477. / 51 Read more »
Adam Neumann’s Time at WeWork Is Over, But His Troubles Aren’tThe true extent of former WeWork CEO Adam Neumann's abusive workplace behavior is still becoming clear Bullying behavior, unpredictable like a baby, tantrums, billionaire... Reminds me of someone else but who? 🤔🤔🤔 Adam Neumann receives payoff of 2.7 Billion while thousands of WeWork employees face layoffs, subcontracting, and worthless stock options. Not acceptable! wework adamneumann layoffs
Source: NYMag - 🏆 111. / 63 Read more »
WeWork Isn’t the Only Stumble for Softbank’s Vision FundSoftBank built its nearly $100 billion Vision Fund on the premise that it could pick and boost the most promising startups. WeWork was a high-profile failure, but it’s not the only one that has struggled. fairtheapp is dying they never should have had depots in the first place. order the car on the app, it should be delivered to me in an hour. that's how you disrupt. charging 40% more than people who get you a car via kiosk in 5 min? that's how you waste $380 million softbank WeWork is a ponzi scheme joke. Wait a minute! Are you saying that throwing money at something doesn't work to create success? Someone should inform the politicians.
Source: WSJ - 🏆 98. / 63 Read more »
Adam Neumann’s Time at WeWork Is Over, But His Troubles Aren’tThe true extent of former WeWork CEO Adam Neumann's abusive workplace behavior is still becoming clear Bullying behavior, unpredictable like a baby, tantrums, billionaire... Reminds me of someone else but who? 🤔🤔🤔 Adam Neumann receives payoff of 2.7 Billion while thousands of WeWork employees face layoffs, subcontracting, and worthless stock options. Not acceptable! wework adamneumann layoffs
Source: NYMag - 🏆 111. / 63 Read more »
Former WeWork Staffer Files Complaint Against Ousted CEO Adam Neumann For Pregnancy Discrimination
Source: ForbesWomen - 🏆 477. / 51 Read more »