---
title: "Japanese investment giant SoftBank suffers £5bn loss after WeWork collapse"
publisher: "Share Talk"
author: "sharetalk"
published: "2023-11-09T10:54:00+00:00"
modified: "2023-11-09T10:54:00+00:00"
date: 2023-11-09
canonical: "https://www.share-talk.com/japanese-investment-giant-softbank-suffers-5bn-loss-after-wework-collapse/"
category: "B2B"
categories: ["B2B", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["bankruptcy", "Chapter 11", "New York Stock Exchange", "NYSE", "SHARES", "silicon valley", "Softbank", "USA", "WE", "WeWork"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/WeWork-6th-nov-23.jpg?fit=1200%2C800&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Japanese investment giant SoftBank suffers £5bn loss after WeWork collapse

**Published:** November 9, 2023
**Author:** sharetalk
**Categories:** B2B, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** bankruptcy, Chapter 11, New York Stock Exchange, NYSE, SHARES, silicon valley, Softbank, USA, WE, WeWork
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/WeWork-6th-nov-23.jpg?fit=1200%2C800&quality=89&ssl=1)

---

Japanese investment behemoth SoftBank has disclosed a staggering loss of $6.2 billion (approximately 5 billion pounds), as it grapples with the fallout from WeWork’s downfall.

During the quarter ending in September, the firm’s Vision Funds recorded a pre-tax loss of 258.9 billion yen (about 1.4 billion pounds), in anticipation of the impending bankruptcy of the co-working space titan.

https://twitter.com/Share_Talk/status/1721825400198701096

WeWork’s bankruptcy filing on Monday marked a costly misstep for SoftBank’s founder, Masayoshi Son, who had made substantial investments in the once-flourishing startup.

SoftBank Group’s total losses for the quarter amounted to 931 billion yen (roughly 5 billion pounds), a stark contrast to the 3 trillion yen profit from the same period last year, which was buoyed by the sale of Alibaba shares, China’s e-commerce powerhouse.

SoftBank Group refrained from releasing any annual earnings projections.

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**Original URL:** https://www.share-talk.com/japanese-investment-giant-softbank-suffers-5bn-loss-after-wework-collapse/
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