, Columnist
If WeWork’s a Lemon, Then SoftBank Is Grabbing Tequila and Salt
By doubling down on his investment, Masayoshi Son looks to be making the best of a bad thing.
It always seems like a good idea at first.
Photographer: REDA&CO/Universal Images GroupThis article is for subscribers only.
WeWork just lost its CEO, its IPO is delayed indefinitely, prospectus details finally reveal massive losses, it’s burning cash like kerosene, and it needs to raise funds imminently.
So, of course key backer SoftBank Group Corp. would throw in more money.