SoftBank Founder and CEO Masayoshi Son Said Monday he was “foolish” for his Firm’s Multibillion Investment

SoftBank Founder and CEO Masayoshi Son said Monday he was “foolish” for his firm’s multibillion investment in WeWork. His comment in an earnings presentation came as SoftBank gave WeWork a valuation of $2.9 billion as of March 31 based on a discounted cash flow method, down from $7.3 billion as of Dec. 31, following its failed IPO. SoftBank has reportedly invested $18.5 billion in the company, according to a comments leaked in October from WeWork’s chairman. WeWork’s private valuation was as high as $47 billion before its botched IPO last year…..MORE SoftBank Founder and CEO Masayoshi Son said Monday he was “foolish” ibn Salman