E152: Real estate chaos, WeWork bankruptcy, Biden regulates AI, Ukraine's “Cronkite Moment” & more
All-In with Chamath, Jason, Sacks & Friedberg
**SoftBank put $16.9 b into WeWork **
Adam Newman managed to convince investors, including SoftBank, to invest billions of dollars into what was thought to be a software business but turned out to be a real estate development company. SoftBank alone invested $16.9 billion. However, this extravagant spending, coupled with a lack of lease signing discipline, led to significant financial strain for the company.
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