real estate

SoftBank May Bail On $3 Billion Of Its WeWork Bailout

SoftBank May Bail On $3 Billion Of Its WeWork Bailout

Japanese conglomerate SoftBank is trying to backpedal from part of its bailout of tanking coworking space firm WeWork, the Wall Street Journal reported on Tuesday, citing Department of Justice and Securities and Exchange Commission investigations into the latter company’s business practices.

Area Investment Firm Admits WeFuckedUp

Area Investment Firm Admits WeFuckedUp

SoftBank chairman and CEO Masayoshi Son admitted during a Q2 earnings presentation on Wednesday that he really screwed the pooch with respect to that whole WeWork clusterfuck, according to reports.