WeWork Bailout in Jeopardy? Softbank Reportedly Weighing Trimming $9.5 Billion Rescue Package

Softbank's takeover of WeWork looks like its really happening. The Wall Street Journal reporting SoftBank will take control of the embattled co-working company. The deal would hand Co-Founder Adam Neumann nearly $1.7 billion, to cut most ties with the company. We spoke to Troy Wolverton, Senior Tech Correspondent at Business Insider to break it all down.

SoftBank-backed car subscription startup Fair is firing 40 percent of its staff, including its CFO. John Meyer, Managing Director at Starship Capital, joined Cheddar to discuss whether Softbank is losing its step.

WeWork is reportedly moving ahead with its IPO despite reports that its largest shareholder SoftBank is pushing the company to delay going public. Barrett Cohn, Co-founder and CEO of Scenic Advisement, joined Cheddar to discuss.