Page 22 - Wework News Today

It was a fresh reminder of the volatility inherent in founder Masayoshi Son's strategy of betting big on often risky start-ups. WeWork sought US bankruptcy protection on Monday, cementing the remarkable fall of a start-up that had once been valued at $47 billion.

The former CEO could leave with a last slug of money, a knock-on effect of the generous terms big investors lavished on tech company founders

SoftBank ready for big ticket investments whenever theres an opportunity, says management

SoftBanks loss marks its fourth straight quarter in the red as the tech giant struggles amid a weak yen.

Japan-based investment company now heading to towards profitability as the worst is over, says CFO Yoshimitsu Goto

Let’s leave the allusions to Icarus aside: it’s already a threadbare simile.

The Japanese firm, which made a huge bet on WeWork, revealed the losses in the same week that the real estate firm filed for bankruptcy.

WeWork founder and ex-CEO Adam Neumann has managed to maintain his $1.7 billion fortune as his once high-flying startup faced a series of misfortunes that ended in a bankruptcy filing earlier this week.

Plus: Girlboss buzz and coworking crashes this week in The Memo.

WeWorks bankruptcy filing follows a dramatic decline in value from $47 billion to as low as $10 billion, driven by losses and corporate governance lapses