Uproar

For SoftBank investors, short-term office-rental company WeWork brings up bad memories. WeWork filed to go public in August 2019, but pulled out less than two months later amid uproar over founder and then-CEO Adam Neumann’s behavior. In October 2019, SoftBank supplied 5 billion dollars in financing to WeWork, then wrote down its stake by 8.2 billion dollars two months later. WeWork finally went public in October 2021 via a SPAC merger, losing more than 90% of its value. It trades around .84 dollars.