'Judgement on WeWork was poor in many ways': Softbank CEO after Q2 loss

SoftBank Group Corp fell into the red in the second quarter for the first time in 14 years, with its gigantic Vision Fund suffering a 970 billion yen ($8.9 billion) loss on plunging valuations of WeWork and Uber Inc . Last month, SoftBank was forced to spend more than $10 billion to bail out WeWork after the U.

S. company's IPO attempt flopped, and it said on Wednesday the fair value of its investment in the office-sharing startup decreased by $3.4 billion in the second quarter. At a post-earnings briefing, Chief Executive Masayoshi.....

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