“So this time, the earnings results announcement is not good at all,” said SoftBank CEO Masayoshi Son at the start of the company’s quarterly earnings call on Wednesday. It’s hard to see how he could have said anything else, given the whole thing where SoftBank poured billions of dollars into WeWork because Son thought Adam Neumann was a genius, and then paid billions more to get Neumann to go away.
This was never going to be an easy presentation. Fortunately, he had slides.
For example, here is a slide explaining that when WeWork’s expenses exceed its revenues, it loses money:
And here is one explaining that SoftBank’s plan to fix that problem is to increase revenues and reduce expenses:
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