“Its track record of disrupting traditional financing” hit by fallout from client companies that suddenly collapsed under undisclosed debts. Tentacles spread to Credit Suisse.
But those paper gains were fun while they lasted.
Tender Offer Didn’t Happen. Bonds Plunge to Record Low. This comes after WeWork reported a $1.25 billion loss in Q3. Second thoughts about throwing so many good billions after bad?
However many billions of other people’s money your outfit burns, just make sure you walk away a billionaire.
How cash-burn machines power the real economy, and what happens to the economy when investors refuse to have more of their cash burned.
This scheme worked wonders for a while but has now run into trouble, and a lot is at stake.
WeWork was just late to the defenestration party.
The biggest force behind the startup bubble in the US has been SoftBank. But the scheme has run into trouble, and a lot is at stake.
Signs are now all over Silicon Valley and San Francisco.
The house cleaners come in, halt all new leases, dump side businesses, sell corporate jet, lay off thousands, purge “Adam’s posse” – in just two days.