The greatest financial performance artist in history has settled for the easy and derivative.
Masa Son’s got bad news for the Saudis.
In his latest piece of financial performance art, Masa Son is getting sued by himself.
This is some masterful put-up-or-shut-up stuff.
On second thought, SoftBank might not need the extra $3 billion in equity, thanks.
He gets to sell Sprint and its $40 billion in debt and lives to do something else bizarre.
One solitary slide in the WeWork autopsy report to SoftBank investors is a true encapsulation of the artist's soul.
Public company valued at $53 narrows quarterly losses to just over $1 billion...and, yes, those words are "narrows" and "quarterly"
In fact, Mr. Neri Oxman thinks the whole thing is worth roughly $0.
Seeing a hypothetical $40 billion go up in allegorical smoke is having an impact on the greatest living performance artist in finance.
Masa Son remains clearly determined to make Neumann look like a transformative business genius.
SoftBank is ready to fix WeWork because co-dependent relationships are toxic.
SoftBank is ready to admit that it needs WeWork to survive.
Translation: Masa Son pulled the plug on this thing last night because of course he did.
Get a room, you guys...WeKnow a place that charges by the month.
SmileDirect is not finding much love today.
WeWork's drunkest friend begs WeWork to sober up, WeWork says "Nah, I'm good."
This is escalating quickly.
This is all part of the show, you philistines.
With the Saudis taking a pass, the deKooning of money turns to Goldman Sachs for funding of his new work.