Billionaire activist Bill Ackman says WeWork has a 'high probability' of being worth zero

While speaking at the Robin Hood Investors Conference on Tuesday, the billionaire activist investor Bill Ackman said SoftBank might have to write off its entire investment in WeWork, according to the Financial Times. "I think WeWork has a pretty high probability of being a zero for the equity, as well as for the debt," Ackman said, according to the newspaper.
Read more: https://www.businessinsider.com/wework-could-be-worth-zero-activist-investor-bill-ackman-says-2019-10?source=Snapzu