WeWork

The shared-office model has been disrupted both by the coronavirus pandemic and the public collapse of WeWork.

Investments in the likes of Uber and WeWork have plunged in value.

Adam Neumann as the biggest beneficiary could sell up to USD 970 million in stock to SoftBank.

USD 100 billion investment vehicle turns net negative after WeWork and other woes.

The special committee of WeWork‘s board said it is suing SoftBank after the investment giant withdrew its USD 3 billion tender offer.

SoftBank backing out from the agreement would be “completely unethical,” especially given the current environment with the Covid-19 crisis, says WeWork.

Tech conglomerate moves to cut exposure as stock slides to more than 3-year low.

The global economy slowdown and failed IPO cases have made investors more selective in investing in early stage startups.