SoftBank


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Softbank's Marcelo Claure, Masayoshi Son and Rajeev Misra (Getty; iStock)

Internal feud at SoftBank casts doubt on Vision Fund

As SoftBank reports a loss of nearly $18 billion — the largest in its history — and prepares to...

Internal feud at SoftBank casts doubt on Vision Fund
Photo illustration of Guy Gal, Ben Bacal, David Higgins, Kofi Nartey, and Anthony Marguleas (Credit: iStock, Getty Images)

You can’t sit with us: How Side’s elite-agent model could upend the resi brokerage game

Guy Gal believes real estate has a quality control problem. In his view, most agents are simply “hucksters and charlatans.” “Nine out of every...

You can’t sit with us: How Side’s elite-agent model could upend the resi brokerage game
Sara Patterson and Compass CEO Robert Reffkin (Credit: Getty Images)

Compass’ chief people officer is out

Sara Patterson, the top human-resources executive at Compass, is out after just three months at the residential brokerage. In an email to staff Wednesday seen by The Real Deal, CEO Robert Reffkin said the...

Compass’ chief people officer is out
Photo illustration of Softbank CEO Masayoshi Son in The Last Supper (Illustration by The Real Deal)

Masa Son says Jesus Christ was also misunderstood

Masayoshi Son, whose SoftBank is facing $13 billion in losses thanks to splashy bets on flailing startups, made a...

Masa Son says Jesus Christ was also misunderstood
Softbank CEO Masayoshi Son and WeWork CEO Sandeep Mathrani (Credit: Son by Alessandro Di Ciommo/NurPhoto via Getty Images; Mathrani by Neilson Barnard/Getty Images)

WeWork’s valuation drops to $2.9B

WeWork’s valuation has dropped to $2.9 billion — a far cry from $47 billion at its peak. The office-space provider was most recently valued at $7.8 billion in the fall, after it agreed to...

WeWork’s valuation drops to $2.9B
From left: Softbank CEO Masayoshi Son, WeWork co-founder Adam Neumann and  WeWork CEO Sandeep Mathrani (Credit: Getty Images)

Adam Neumann suing SoftBank for abuse of power

WeWork co-founder and former CEO Adam Neumann doesn’t believe SoftBank scrapped plans for a $3 billion buyout of the...

Adam Neumann suing SoftBank for abuse of power
Opendoor CEO Eric Wu (Credit: iStock)

Return of the iBuyers: Opendoor gets back to buying

Opendoor is back in businesses and ready for remote sales. The SoftBank-backed iBuyer, which suspended home purchases in March,...

Return of the iBuyers: Opendoor gets back to buying
Softbank CEO Masayoshi Son (Photo by Alessandro Di Ciommo/NurPhoto via Getty Images)

SoftBank anticipates $6.6B loss on WeWork investment

SoftBank’s bet on WeWork is causing more pain for the conglomerate. The group said this week that it is...

SoftBank anticipates $6.6B loss on WeWork investment
A photo illustration of Adam Neumann (Credit: Illustration by The Real Deal, Neumann by Kelly Sullivan/Getty Images, iStock)

He’s back: Adam Neumann to sue SoftBank for bolting WeWork bailout

Adam Neumann isn’t going gently. The former WeWork CEO plans to sue the company’s chief financial backer, SoftBank, for...

He’s back: Adam Neumann to sue SoftBank for bolting WeWork bailout
Opendoor CEO Eric Wu

Opendoor lays off 35% of staff

Opendoor, perhaps the most prominent and well-funded startup in the instant-homebuying business, just laid off about 600 employees, a month after the coronavirus pandemic forced it to abort home purchases. “Though this was difficult...

Opendoor lays off 35% of staff
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