WeWork’s Downfall and a Reckoning for SoftBank newyorker.com

What would normally have been a dry, corporate affair was being watched more closely than usual: SoftBank’s technology-investing arm, the Vision Fund, had recently seen some of its investments turn sour.
Its portfolio includes some successes, such as the Indian Internet-commerce company Flipkart and the medical-testing company Guardant Health.
Slack, another Vision Fund investment, went public in June and is also trading well below its initial valuation.
The fact that the Vision Fund flooded its companies with capital made it difficult for other startups or traditional companies with even a modicum of fiscal discipline to compete.
Son is now faced with the task of taking WeWork’s inputs and trying to combine them into a more valuable output.