The blame for this falls solely on the laughable prospectus they issued ahead of the IPO. I was relieved that everyone in the finance world appeared to call it for what it is.

While I hope the BOJ and the Japanese taxpayer aren't on the hook for Softbank's hubris (not just with WeWork but also Oyo and Uber), I am glad that pension and mutual funds won't have any exposure to this flaming pile of garbage.