TOKYO—SoftBank Group Corp. said it lost at least $4.7 billion on U.S. office-sharing company WeWork, an investment Chief Executive Masayoshi Son called an error in judgment. SoftBank marked down the total value of WeWork’s equity to $7.8 billion, a long way from the startup’s $47 billion valuation before its attempt to go public backfired amid widespread skepticism about its profitability and management.

Source: Wall Street Journal November 06, 2019 07:18 UTC