8Mon
"Soft Bank ($9984 ) wants its money back from WeWork ($WE )."
What does this mean in plain language and what (detrimental) effects will it have?
Thanks for the explanation :)
What does this mean in plain language and what (detrimental) effects will it have?
Thanks for the explanation :)
••
@Jehdi Softbank has made heavy losses with WeWork. Softbank holds about 95% of the Arm shares. 5% are freely accessible. Therefore Softbank will probably (in my opinion) sell quite a lot of shares (to Arm). For Softbank it is an opportunity to wash itself clean of WeWork, which could then lead to a sell-off at Arm. The sell-off will probably take a long time. Softbank would be pretty stupid not to sell the shares now.
•
11
•