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SoftBank CEO Masayoshi Son

SoftBank is reportedly close to taking over a fancy London members’ club that WeWork also wanted to rent

Their interest in Number 20, which KPMG rents for £4.1 million ($5.3 million) a year, suggests their recent troubles haven't tempered their desire for prime real estate.
Masayoshi Son

SoftBank CEO Masayoshi Son told WeWork executives he wants the company to turn a profit by 2021

Masayoshi Son told WeWork executives to look for new sources of revenue as SoftBank attempts to rescue the company.
WeWork co-founder Adam Neumann.

Ousted WeWork CEO Adam Neumann can still reportedly name directors to WeWork’s board, even though he left the company

Even after resigning as WeWork's CEO and chairman, Adam Neumann can still influence the company through its board, according to a new FastCo. report.

Jack Ma, Jedi, and surfing: These are the 10 juiciest details from Fast Company’s deep dive into WeWork

"We haven’t really had a torpedo below the waterline," a WeWork board member told the magazine in April.
Obi-Wan Kenobi performs a Jedi mind trick in "Star Wars Episode IV — A New Hope."

‘Masa is a Jedi’ — Adam Neumann reportedly compared WeWork to Amazon on the advice of SoftBank’s Son

Neumann reportedly hoped the comparison to the $900 billion company would make WeWork's astronomical valuation look affordable.

WeWork is reportedly planning to lay off at least 4,000 people as part of a major restructure

The company is recovering from major losses after a failed IPO in September and reported a loss of $1.25 billion in the third quarter.
Millennials say travel is one of their main reasons for working.

Inside the influencer economy, a sports betting boom, and SoftBank’s struggles

Here are the top business stories this week, including news on the influencer economy, the sports betting boom, and SoftBank.
WeWork cofounder and former CEO Adam Neumann.

‘The last person I felt this with was Jack Ma’ — SoftBank’s Masayoshi Son reportedly compared WeWork’s Adam Neumann to A...

“When Masa chose to invest in me for the first time, he only met me for 28 minutes. Okay?” Neumann reportedly said about Son's decision to back him.
The We Company CEO Adam Neumann.

SoftBank is reportedly holding up a big chunk of its $9.5 billion bailout of WeWork — and it’s causing ‘lots of anxiety’

Worried investors bid down the price of WeWork's junk bonds, driving their yield and spread to record highs.
WeWork cofounder and former CEO Adam Neumann

WeWork’s third-quarter losses and cash crunch show why SoftBank valued it below $5 billion

The troubled coworking startup lost more than $1.2 billion and its cash reserves shrunk by about $900 million.