What a crazy train wreck. Someone is going to make a fortune on a book about it.
Link: https://techcrunch.com/2019/10/22/softbank-reportedly-ends-wework-ownership-debacle-with-a-1-7-billion-payout-to-adam-neumann/
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Almost certainly a total loss for SoftBank. Now a bigger total loss. Remarkable story.
Let’s lease buildings long-term, spend millions to spruce them up, and lease them short-term. What could go wrong? We can even call ourselves a tech company for some reason.
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