How WeWork’s Downfall Impacted Masayoshi Son’s Credibility and Finances: A Loss of $11.5 Billion

(Bloomberg) — WeWork Inc.’s bankruptcy filing marks the conclusion of a fascinating chronicle that exposed alarming flaws in the investment strategy of Japanese billionaire Masayoshi Son. The fallout extends beyond mere financial loss and has tarnished his professional standing for the foreseeable future. Overriding objections from his advisors, Son allocated billions of dollars from both …

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Breaking News: SoftBank Triumphs as ARM Commences Trading on Nasdaq

Arm CEO Rene Haas and executives cheer as Softbank’s Arm, a chip design firm, holds an initial public offering at the Nasdaq MarketSite in New York, Sept. 14, 2023. Brendan Mcdermid | Reuters Arm Holdings, the chip design company controlled by SoftBank, surged by approximately 25% on its first day of trading, following its initial …

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Tech IPOs are making a comeback, but now they must prove their worth

Tech investors were eagerly awaiting the return of IPOs, and last week, two notable companies filed for stock market debuts. Instacart, a grocery delivery startup, and Klaviyo, a data and marketing automation company, both made their filings. The excitement around these IPOs reflects the current sentiment in Silicon Valley and could set the tone for …

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Implications of SoftBank’s IPO Market Impact

Billionaire Masayoshi Son, Chairman and CEO of SoftBank Group Corp., spoke at a press conference in Tokyo on July 28, 2016, in front of a screen displaying the ARM Holdings logo. ARM, which is owned by SoftBank, has recently filed for its initial public offering (IPO). This IPO will be a significant test for the …

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Surprising Loss Revealed by Japanese Technology Giant

SoftBank, a technology conglomerate, reported an unexpected loss in the first quarter from April to June, despite a gain from its tech-focused Vision Fund. Let’s dive into the details: – The SoftBank group recorded a net loss of 477.6 billion yen ($3.3 billion), falling short of Refinitv’s analyst estimate of a 75 billion yen profit. …

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