WeWork's parent ousted Mr Neumann as chief executive, and its new bosses are trying to shed side businesses to refocus on its core. Parallels have been drawn between rapidly expanding hotel company SoftBank and WeWork parent The We Company , helped by Oyo ’s rapidly-acquired $ 10bn valuation and similar investment from Vision ’s Vision Fund . Growth into more than 100,000 countries, with 35,000 hotels and 35,000 holiday homes under direct ownership or run by joint ventures, has put Oyo in second place after Netflix in terms of rooms under management. Vision Fund ’s investment has also attracted similar scrutiny to The We Company , the valuation of which rose to $ 47bn after the Vision funding, before crashing to a quarter of that just before the abandoned IPO.
Parallels have been drawn between rapidly expanding hotel company SoftBank and WeWork parent The We Company , helped by Oyo ’s rapidly-acquired $ 10bn valuation and similar investment from Vision ’s Vision Fund . Growth into more than 100,000 countries, with 35,000 hotels and 35,000 holiday homes under direct ownership or run by joint ventures, has put Oyo in second place after Netflix in terms of rooms under management. Vision Fund ’s investment has also attracted similar scrutiny to The We Company , the valuation of which rose to $ 47bn after the Vision funding, before crashing to a quarter of that just before the abandoned IPO.