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SoftBank's CEO now says its $9 billion bet on WeWork and Adam Neumann was a mistake - but he still thinks WeWork will end up making money

1 month ago   |   By Business Insider

WeWork, the office-coworking company, received over $9 billion from SoftBank's $100 billion "Vision Fund."
Across the past year, WeWork has gone from the verge of going public to barely hanging on - a notorious misstep in SoftBank's ambitious investment portfolio.
WeWork co-founder and former CEO, Adam Neumann, was ousted from the company as revelations about self-dealing and mismanagement helped to derail last summer's planned IPO.
"It's always difficult. It's not science, it's art. You get excited with an entrepreneur who seems great but does not necessarily deliver a great return...
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