12 votes

WeWork CEO, Adam Neumann, stepping down under pressure

1 comment

  1. envy
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    Softbank is equally to blame here, I wonder how this will impact them. Softbank enabled Adam Neumann by being the sole investor with $10 billion of funding made by their $100 billion Vision Fund....

    Softbank is equally to blame here, I wonder how this will impact them.

    Softbank enabled Adam Neumann by being the sole investor with $10 billion of funding made by their $100 billion Vision Fund.

    Then Softbank apparently failed to come through with more funding, pushing Neumann to move ahead with the IPO.

    It feels like Softbank greatly overestimated the public's willingness to buy into a POS.

    Yet they are still trying to raise another $100m for their Vision II Fund, based on the paper gains of their original Vision fund.

    4 votes