SoftBank slashes WeWork’s value

SoftBank slashed its pre-rescue valuation of money-losing WeWork to $4.9 billion, down from its $47 billion value in January


WeWork’s valuation*	Revenue 	Net loss


SoftBank’s CEO Masayoshi Son has invested about $10.4bn in WeWork

May 2015: WeWork is valued at $9.6bn

Nov 2016: Valuation jumps to $16.2bn

Aug 2017: $4.4bn from Softbank Vision Fund – valuation hits $20bn

Jan 2019: SoftBank injects further $2bn in WeWork – valuation soars to $47bn
       
Aug: WeWork files for IPO (initial public offering)

Sep: IPO postponed indefinitely

Oct: Softbank rescues WeWork

Nov 8: Softbank values WeWork at $4.9bn
 
			$1,822m	$1,535.3m
 		$886m			
	$436m
$0 	2016 	2017 	2018 	2019 Jan-Jun 	$0
	-$430m
		-$993m		-$905m
			-$1,927m


*Valuation not to same scale as revenue-loss
 

Sources: Business Insider, Reuters, Wall Street Journal 
Picture: Associated Press 
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