SoftBank expects $24B in losses from Vision Fund, WeWork and OneWeb

Re:SoftBank expects $24B in losses from Vision Fund, WeWork ... by ineedasername on Tuesday April 14, 2020 @10:38PM (#22873900)

You can't short a company that never went public. I think there were enough skeptics though that would have raked in a few million when it's valuation dropped from $40+ Billion to wherever it's at now.

Of course now everyone claims to have seen it for what it was from the start.

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Re:SoftBank expects $24B in losses from Vision Fund, WeWork ... by intuitionist on Tuesday April 14, 2020 @11:18PM (#22874139)

Someone—not me, probably not you, but someone—could have made money buying credit default swaps on WeWork debt.

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Re:SoftBank expects $24B in losses from Vision Fund, WeWork ... by ineedasername on Wednesday April 15, 2020 @06:32PM (#22883895)

Definitely not me. WeWork was barely on my radar as a thing until the last exorbitant round of funding, to which my reaction was, "seems high, but I don't know much about their market competition or growth prospects." Though it took very little time at all after that for it to look sketchy: CEO paying himself to sell his work product, as CEO, back to the company was a bit of a sign that mass value extraction and/or strip mining was taking place.

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