The spectacular failure of WeWork is dragging on Softbank as Softbank is having a hard time getting the financing in place to keep WeWork alive. Flash back that is your typical SiliValley Unicorn that is revolutionizing the world as we know it while not making money, not having a survivable business an at least this time the public market is not left holding the bag.
SoftBank is holding the bag. Even banks that bend over backwards have hit a wall. What is unfolding here was not suppose to happen as it was intended for the public market to be stuck with the bill and the people struggling now were suppose to be laughing all the way to the bank. Hard to have any sympathy for those that bought into the nonsense of WeWork.
How many more are out there......any guesses?