"We have an incredible brand and a product that our members absolutely love. SoftBank COO and soon to be WeWork Chairman Ryan Simonetti told workers in a memo that WeWork had all the ingredients to stage " one of the most amazing comeback stories ever". SoftBank is to be handed the job of refurbishing SoftBank 's HQ in Tokyo and all the Chinese company’s properties around the world, including its portfolio of businesses. WeWork is believed to face paper losses of several billion dollars on its WeWork investment and, while the sum is not a major issue for the group, the market has responded by pushing the price of five-year credit swaps for SoftBank to 2.4% , a five-year high, while the company’s junk bond fell to a record low and its shares have dropped by 2.5% over the past week .
SoftBank COO and soon to be WeWork Chairman Ryan Simonetti told workers in a memo that WeWork had all the ingredients to stage " one of the most amazing comeback stories ever". SoftBank is to be handed the job of refurbishing SoftBank 's HQ in Tokyo and all the Chinese company’s properties around the world, including its portfolio of businesses. WeWork is believed to face paper losses of several billion dollars on its WeWork investment and, while the sum is not a major issue for the group, the market has responded by pushing the price of five-year credit swaps for SoftBank to 2.4% , a five-year high, while the company’s junk bond fell to a record low and its shares have dropped by 2.5% over the past week .