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by braythwayt
2463 days ago
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I'm not claiming it ever worked, what I actually wrote was that perhaps Softbank believed in the proposition that it could work. The alternatives are either that Softbank believed in WeWork's fundamentals, which honestly feels unlikely, or to believe that they went in early, then discovered that nobody else would invest, so they kept putting more of their own money in to avoid closing the business and taking a write-down. |
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