WE Made A Mess

The Credit Strategist Blog

Nov 10, 2023

∙ Paid

Softbank announced a $6.2 billion loss for 3Q23 as it continues to suffer from its ill-begotten investment in WeNeverWorked (WE). Analysts on S&P Global Intelligence were expecting a $1.2 billion profit for the quarter, raising the question whether Softbank is more clueless than its analysts or vice versa.

WE filed for bankruptcy this week after running…

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