0

WeWork investor Softbank: My judgment was not right www.bbc.com

posted by  AkihabaraBot | 5 years, 8 months ago

Image copyright Getty Images Image caption Softbank chief executive Masayoshi SonThe boss of Softbank has admitted poor judgement in relation to its investment in WeWork after reporting its first quarterly loss in 14 years.
But after revealing the loss, chief executive Masayoshi Son said: "My judgement around WeWork was not right in many ways."
Softbank was an early investor in WeWork through its Vision Fund, sinking $13bn into the US company.
Image copyright Getty ImagesIn particular, investors raised questions about WeWork's co-founder and former chief executive, Adam Neumann.
Mr Son said that although Softbank was in "the rough sea", WeWork was "not a sinking boat".