SoftBank’s Bet on Sharing Economy Backfires With Coronavirus

Published: 26/03/2020
SoftBank’s Bet on Sharing Economy Backfires With Coronavirus
Source: FINANCE.YAHOO.COM

(Bloomberg) -- Masayoshi Son has been among the most fervent believers in the sharing economy, investing billions in startups that help people split the use of cars, rooms and offices. But as the coronavirus curtails unnecessary human interaction, it’s hammering such businesses and rattling the foundations of Son’s SoftBank Group Corp.In New York City, the co-working space of SoftBank-backed WeWor

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