SOFTBANK LOSES BIG AFTER WEWORK DEBACLE

SoftBank has lost $ 4.7 billion in the WeWork debacle, the company said Wednesday. SoftBank posted losses of 700 billion yen ($ 6.4 billion) in the third quarter, with the damage coming largely from its Vision Fund, created to invest in startups like WeWork. SoftBank’s founder Masayoshi Son said the situation at WeWork was under control and he expects to turn the shared- office space company around.