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Soft bank's Masayoshi Son blew through the money with a rapid-fire series of high-priced investments amid bitter feuds between his investment teams. Some of the biggest bets, like WeWork and Oyo, have turned sour.
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At least a dozen companies in its portfolio, including Getaround, Zume and Wag, have laid off staff amid mounting business troubles. Senior staff have begun to exit: earlier this week, U.S.-based managing partner Michael Ronen said he was leaving, following partners David Thevenon, Praveen Akkiraju and around 10 midlevel investing and operating staff who have left in recent months.
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