WeWork Fiasco Has ‘Warren Buffett Of Japan’ On The Ropes [Forbes]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Forbes
WeWork Fiasco Has ‘Warren Buffett Of Japan’ On The Ropes Masayoshi Son’s Back in 2000, the SoftBank founder did more than help create China’s most important startup. The $20 million he handed Jack Ma also made Son’s reputation as venture capital guru This reputation is now taking a big hit as WeWork essentially implodes before our very eyes. Twelve months ago, Son couldn’t heap enough praise at the office-rental startup Adam Neumann cofounded. Son claimed that WeWork is the “ next Alibaba Recent days haven’t been kind to Son’s bet. Raging questions about its business model–and plunging valuations—forced WeWork to shelve a hotly anticipated initial public offering. Now, the company’s directors are reportedly looking to shunt CEO Neumann aside, not unlike how Uber sidelined Travis Kalanick. All this leaves Son with some difficult explaining to do as he cobbles together a second $100 billion VC fund. Son’s initial fund is essentially a leap of faith on his gambling skills. His big win on
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