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[posting]63514394[/posting]Being a Sore Loser Doesn't Make WeWork’s Neumann Wrong Tim Culpan, Bloomberg News (Bloomberg Opinion) -- To be frank, it doesn’t even matter whether SoftBank Group Corp. was right, morally or legally, to walk away from its deal to double down on a stake in The We Co. It’s also irrelevant whether WeWork founder Adam Neumann comes off as a sore loser for filing a lawsuit to chase down billions of dollars for shares in a company built on a questionable business model that ultimately led to the collapse of a sky-high valuation, and which looks even more bleak as the Covid-19 pandemic throws doubt on the future of cramped, transient office work. What’s really important is whether Neumann, who was forced out of the office-rental startup last year when SoftBank bailed it out following a scrapped initial public offering, has any hope at all of extracting more money from the Japanese investment vehicle led by Masayoshi Son. His chances of doing so are greater than zero, which makes even the most unlikely lawsuit a good bet. Look at it from SoftBank’s point of view. ... https://www.bnnbloomberg.ca/being-a-sore-loser-doesn-t-make-… .................................................................................................................................................. SoftBank-Backed Home-Flipping Company Says It's Time To Resume Buying Properties by Tyler Durden Tue, 05/05/2020 - 08:40 Opendoor, a company backed by SoftBank that specializes in buying homes and flipping them, says now is time to get back into the market. Far be it for us to question motives here at Zero Hedge, but one also must dryly note that their survival as a company likely depends on the market picking up, as well. The company's main service allows owners to sell their homes without open houses or in-person closings, according to Bloomberg. ... And while growing home inventory and a potential lack of buyers remain obvious looming risks for Opendoor, Opendoor's performance as a company remains a risk for Softbank. One big happy house of cards family. https://www.zerohedge.com/markets/softbank-backed-home-flipp… .................................................................................................................................................. California sues Uber, Lyft over misclassifying drivers as contractors Reuters May 5, 2020 By Tina Bellon (Reuters) - California's attorney general on Tuesday sued Uber Technologies Inc <UBER.N> and Lyft Inc <LYFT.O> for classifying its drivers improperly as independent contractors instead of employees, evading workplace protections and withholding worker benefits. Several California cities joined the state in its lawsuit, saying the companies' misclassification harms workers, law-abiding businesses, taxpayers, and society more broadly. Shares in Uber and Lyft dropped briefly but recovered shortly after the lawsuit was announced during a virtual news conference by the attorneys general. ... California Attorney General Xavier Becerra said Uber and Lyft drivers lacked basic worker protections, including ... https://finance.yahoo.com/news/california-sues-uber-lyft-ove… \ud83d\udcb5\ud83d\udcb6\ud83d\udcb5\ud83d\udcb6\ud83d\udcb5\ud83d\udcb6\ud83d\udcb5 |
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| aus der Diskussion: | Softbank Group - Biohazard - - VIR - Deep State - Khazarians |
| Autor (Datum des Eintrages): | teecee1 (05.05.20 20:50:25) |
| Beitrag: | 52 von 127 (ID:63573033) |
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