WeWork Inc.’s bankruptcy filing caps a years-long saga that revealed breathtaking flaws in the investment style of Japanese billionaire Masayoshi Son, damaging his professional reputation far beyond the money he lost.
WeWork’s subsequent nosedive is costing SoftBank more than the estimated $11.5 billion in equity losses and another $2.2 billion in debt still on the line. WeWork’s very public decline, along with the Vision Fund’s record loss of $32 billion last year, battered Son’s standing as a shrewd investor who scored one of venture capital’s legendary wins through an early bet on Chinese e-commerce leader Alibaba Group Holding Ltd.
https://www.bloomberg.com/news/articles/2023-11-07/wework-saga-cost-masayoshi-son-11-5-billion-and-his-credibility
