Flexible office provider WeWork's valuation plummeted to $2.9 billion, a 94% decrease from its high point of $47 billion early last year, as its main investor SoftBank Group Corp. announced massive losses and wrote down its investments.
WeWork's Valuation Drops to $2.9 Billion as SoftBank Writes Down Losses
Tokyo-Based Unicorn Investor Acknowledges 'Wrong Decision' in Funding Flexible Office Provider
CoStar News
May 18, 2020 | 8:16 P.M.
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