Large Investments In WeWork, Uber Apparently Bad For Business - Dealbreaker

Masayoshi Son lost a great deal when WeWork opted not to go public and proceeded to implode. The dream of $40 billion. Ten billion actual dollars. His sense of whimsy. But one thing that is not often mentioned in the list was one of his more audacious plans (and that is saying something): another IPO that wasn’t to be, for his flagship $100 billion Vision Fund. And, really, in the context of Son’s oeuvre, it should be, because a publicly-traded Vision Fund might actually have been a more spectacular disaster than a publicly-traded WeWork.

SoftBank Group Corp. said it expected its Vision Fund to log an investment loss of ¥1.8 trillion ($16.6 billion) in the fiscal year just ended…. SoftBank didn’t specify which investments were responsible for the Vision Fund’s ¥1.8 trillion investment loss in the year ended March 31.

Does it really have to?

SoftBank Expects Nearly $17 Billion Loss on Tech-Focused Vision Fund [WSJ]


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Masa Son’s Unicorns Were Actually Lemmings

The last year really could have gone somewhat better for SoftBank.

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Wily Masa Son Made Damned Sure He Wouldn’t Have To Throw Away Another $3 Billion On WeWork

In his latest piece of financial performance art, Masa Son is getting sued by himself.


WeWork Changes Name In Obvious Attempt To Confuse SoftBank Into Giving It More Money

With the spigot from Masa Son turning off slowly, WeWork's self-adoration takes a dark turn.


WeWork Takes A More Holistic And Forward-Thinking View Of Its Consciousness Regarding The IPO Process

Translation: Masa Son pulled the plug on this thing last night because of course he did.


Most Brazen CEO In History Accuses Brazen Former Patron Of Being Too Brazen

The case of Adam Neumann vs. Masa Son will be one for the books.


Softbank Paying Adam Neumann $1.7 Billion To Just Please Stop Elevating The World's Consciousness

Masa Son remains clearly determined to make Neumann look like a transformative business genius.

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Federal Court Revives Long-Form Financial Performance Art Of Masa Son

He gets to sell Sprint and its $40 billion in debt and lives to do something else bizarre.