WeWork's value plunged more than 80% to below $5 billion last quarter, SoftBank says. Here's why that's a staggering drop
Business Insider -

SoftBank slashed its pre-bailout valuation of WeWork by more than 80% to below $5 billion last quarter.

The humbling price tag represents a dizzying drop from WeWork's $47 billion valuation in January, and values the coworking startup at nearly the same amount as five years ago.

The valuation also suggests WeWork is worth less than H&R Block and Macy's, cofounder and former CEO Adam Neumann cashed out the equivalent of 14% of his company's total worth, and WeWork's property and equipment...

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