WeWork Valuation drops to $2.9B — What went wrong?

Softbank (SB) now values WeWork (WW) at $2.9B — a sharp decline from its $47B valuation a year ago.

Masayoshi Son, SB’s CEO, agrees that — “It was foolish of me to invest in WeWork”. Their Vision Fund has suffered billions in losses from this investment — approximately $18.5B.

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