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That’s a sea change from a year earlier when the flop IPO of WeWork and Covid-19 forced CEO Masayoshi Son to sell some assets

One storyline that has dominated the company’s earnings over the past few years that has all but disappeared though is WeWork. The co-working company, which saw its scorching-hot flame dim a few years ago and which has been parlayed into such books as Billion Dollar Loser, is all but invisible in SoftBank’s presentations these days. The company, despite being one of the largest investments in SoftBank’s $98.6 billion Vision Fund, is not mentioned in the firm’s quart...

The profit marks a sea change from a year earlier when high-profile misses such as the flopped IPO of WeWork and the COVID-19 pandemic forced Masayoshi Son to sell assets to stabilize his investing empire

Updated Feb 06, 2021 | 08:09 IST Softbank is seen posting a net profit of 171 billion yen ($1.63 billion) in the October-December quarter, by analysts SoftBank third-quarter earnings recovery seen driven by IPO boom&nbsp | &nbspPhoto Credit:&nbspAP SoftBank Group Corp is expected to extend earnings recovery when it reports third-quarter results on Monday as frothy markets drive a rally in the value of its tech investment portfolio and offer fertile ground for listings. Th...

February 6, 2021 In an S-1 filing ahead of its ill-fated IPO attempt, WeWork included a recession among its risk factors. What it didn’t anticipate was a pandemic. Over the past year, offices have shuttered around the world. Downtown centers became ghost towns, and revenue dropped sharply for coworking spaces as clients ditched short-term leases. In the second quarter of 2020, US flex office space leasing activity was down 45% year-over-year, according to a report from CBRE. Just this week, c...

‘We Crashed’ is described as following the greed-filled rise and inevitable fall of WeWork, one of the world’s most valuable startups

Does India have a startup valuation bubble? Many companies across sectors are being overvalued, valued on shaky metrics, and venture capitalists are more bullish than ever. But, is there a reason to it- method behind the madness, or does India have a startup valuation bubble? January 20, 2021 / 12:41 PM IST In October 2020, a set of investors were jostling to invest in a fintech startup. The startup did not need the money. It did not even start spending the $60 million it had raised six mon...

Wednesday, January 20, 2021 In  In re WeWork Litigation, C.A. No. 2020-0258-AGB (Del. Ch. Aug. 21, 2020), a special committee of the board of directors of The We Company (the “Company”) sought to obtain certain privileged communication among management of the Company and its counsel in discovery arising from breach of contract and breach of fiduciary duty case. The Court held that management of a Delaware corporation (“Management”) does not have the authority to unilaterally ...

Disinfecting robot is Ridgefield partners COVID solution Macklin Reid FacebookTwitterEmail 1of3 The three RIdgefielders who are partners in SmartGuardUV are, from left Michael Walker, Bill Butler and Rhys Moore.Contributed photo / Hearst Connecticut MediaShow MoreShow Less 2of3 Bill Butler, CEO of SmargGuardUV, with the companys autonomous mobile robot “Smarty” that an be programmed to disinfect large spaces with its ultraviolet light guns.Contributed photo / Hearst Connecticut MediaShow Mo...

The start ups. >> this is a herd of unkorns. >> uber has arrived. >> reporter: enthusiasm quickly became disappointment. >> the years biggest ipo is struggling. >> reporter: the problem, the companies arent profitable. and in the case of uber and lyft -- >> uber released stunning statistics about sexual assault. >> reporter: rocked by scandals. by the most disastrous ipo. >> wework was one of the highest flying start ups and now it cant get its ipo off the ground. >> reporter: investors didnt li...