Masayoshi Son says of WeWork co-founder Adam Neumann: 'I shut my eyes to a lot of his negative aspects'
TOKYO—Masayoshi Son, the billionaire founder of SoftBank Group Corp., said Wednesday his “really bad” judgment championing U.S. office-sharing company WeWork left the Japanese conglomerate and its massive tech-investment fund with the biggest quarterly loss in its 38-year history.
Standing in front of a screen projection of stormy seas and dire Japanese-language headlines, Mr. Son told a news conference in Tokyo that he had made serious errors in judgment that led the group to post earnings “of the deepest red.”
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