WeWork at it Again: Loses $3.2 Billion, Plans to Go Public via SPAC by Wolf Richter • Mar 23, 2021 • 117 Comments To be honest, the WTF SPAC bubble wouldn’t be complete without a WeWork listing that lets SoftBank get out.
WeWork Forerunner IWG/Regus Restructures its Business, Unleashing Mayhem on Landlords and Investors by Nick Corbishley • Oct 29, 2020 • 24 Comments Regus’ U.S. subsidiary, RGN Holdings, has already filed for Chapter 11 bankruptcy.
SoftBank’s Fake Startup “Valuations” Come Unglued by Wolf Richter • Apr 13, 2020 • 147 Comments But those paper gains were fun while they lasted.
Is SoftBank’s Bailout of WeWork Already in Trouble? by Wolf Richter • Nov 14, 2019 • 90 Comments 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?
SoftBank to Book Loss of up to $7 Billion on WeWork, Uber, Others, after Showering $1.7 Billion on Neumann and Hanging his Employees Out to Dry by Wolf Richter • Oct 24, 2019 • 136 Comments However many billions of other people’s money your outfit burns, just make sure you walk away a billionaire.
How the SoftBank Scheme Rips Open the Startup Bubble by Wolf Richter • Oct 9, 2019 • 40 Comments This scheme worked wonders for a while but has now run into trouble, and a lot is at stake.
When Was Peak-Insanity of the Unicorn-Startup Bubble That’s Now Imploding? by Wolf Richter • Oct 8, 2019 • 99 Comments WeWork was just late to the defenestration party.
THE WOLF STREET REPORT: How the SoftBank Scheme Rips Open the Tech Bubble by Wolf Richter • Oct 6, 2019 • 71 Comments 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.
WeWork CMBS Cause Jitters, Bonds Hit Record Low by Wolf Richter • Oct 4, 2019 • 114 Comments It’s so big: Soul searching in the Commercial Mortgage Backed Securities market.
IPOs Crash & Burn, Debris Hits Housing, Office Markets by Wolf Richter • Oct 2, 2019 • 94 Comments Signs are now all over Silicon Valley and San Francisco.
