‘There was a problem with my judgment,’ SoftBank’s Masayoshi Son concedes
Son says he put too much faith in WeWork founder Adam Neumann and that start-ups needed to have solid governance and a path to profits
06 November 2019 - 18:06
Tokyo — Masayoshi Son struck a defiant tone after his SoftBank Group reported an enormous loss from investments in money-losing start-ups WeWork and Uber Technologies.
The Japanese billionaire paced a stage in Tokyo on Wednesday showing off dozens of slides that he argued demonstrate the promise of his deal-making. He began by flashing a slide of newspaper headlines and mocking reports that SoftBank or WeWork or both would end up going bankrupt...
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