https://www.wired.com/story/weworks-failure-is-softbanks-day-of-reckoning/

In the wake of WeWork’s failed IPO last month, schadenfreude fans had a lot to cheer from Adam Neumann’s fall from grace. The once high-flying CEO lost his job, his corporate jet, over a billion dollars of liquidity, and voting control over the company he founded a decade ago.

It would be easy to write off this humbling experience as the inevitable result of Neumann’s singular avaricious, impulsive, and sometimes just plain weird behavior. But that misses the broader point that WeWork reflects only the most recent and extreme example of irrational exuberance and fantastical thinking that has transformed private equity markets in recent years, spearheaded by SoftBank’s $100 billion Vision Fund.