> Masa is bailing out the Saudis.
Can you elaborate? genuinely interested to understand, isn't he investing more Saudi money in potentially doomed unicorn?
Can you elaborate? genuinely interested to understand, isn't he investing more Saudi money in potentially doomed unicorn?
Eventually, a lot of those fail and the Saudis want their money back.
I'd wager that in 20 years the Saudi regime doesn't exist anymore, Softbank/Vision Fund or not. They're going to crash hard, the youth worldwide does not want dictatorships and theocracies any more and the old guards are literally dying off.
Besides, the Saudis (and other Gulf states) have lost more money to way stupider efforts than wework, for their scale wework is chump change.