WeWork founder will get $1.7B to let SoftBank take over his company

Re:WeWork founder will get $1.7B to let SoftBank take over h... by mytailorisrich on Tuesday October 22, 2019 @11:42AM (#21324940)

This will put his cash earnings from WeWork at $2.4b+. This man is a genius.

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Re:WeWork founder will get $1.7B to let SoftBank take over h... by travisoneill1 on Tuesday October 22, 2019 @12:03PM (#21325246)

It's not that he is a genius but that his investors were complete idiots.

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Re:WeWork founder will get $1.7B to let SoftBank take over h... by tim333 on Tuesday October 22, 2019 @12:34PM (#21325637)

The odd thing is the main investor, Masayoshi Son has a reputation for being pretty smart. Guess he got carried away?

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Re:WeWork founder will get $1.7B to let SoftBank take over h... by mytailorisrich on Tuesday October 22, 2019 @12:52PM (#21325875)

People were seen as smart for investing in the "new economy" until about 2000.

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Re:WeWork founder will get $1.7B to let SoftBank take over h... by basch on Tuesday October 22, 2019 @01:41PM (#21326511)

Thats this guy everyone is talking about. He lost $70B in 2000.

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Re:WeWork founder will get $1.7B to let SoftBank take over h... by iaw on Tuesday October 22, 2019 @12:17PM (#21325424)

Relatively a genius...

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Re:WeWork founder will get $1.7B to let SoftBank take over h... by tbyehl on Tuesday October 22, 2019 @12:07PM (#21325298)

Some chunk of that was loans secured by stock. Presumably the $500M line-of-credit is to refinance.

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