In what may be a reckoning for the tech world, Wall St has started to run from companies funded by the Japanese conglomerate SoftBank.
The co-working real-estate startup WeWork has been in turmoil since filing its public-offering paperwork in August. On September 16th, WeWork announced it was delaying its IPO indefinitely, cutting its valuation from $47 billion to as low as $10 billion following frosty investor response and ousting CEO Adam Neumann.
Continue reading “The SoftBank Effect: is Silicon Valley’s Unicorn Bubble set to Crash?”