WeWork, Uber drag SoftBank into first quarterly loss in 14 years

Softbank’s founder Masayoshi Son admitted that his earlier judgement of WeWork was ‘not right’ in many ways. Japanese technology investment firm SoftBank Group suffered its first quarterly loss in 14 years between July and September, dragged down by falling valuations of its biggest tech bets such as WeWork and Uber. The group’s giant Vision Fund made a 970 billion yen ($8.9bn) loss, a humbling blow for founder, chairman and chief executive Masayoshi Son even as he tries to raise an enormous sum for a second investment fund. Son, 62, told…

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Fifty Years After Stonewall, the Real Fight for LBGTQ Rights Is Local

As legislation has languished in Congress, many cities and states are moving forward with their own non-discrimination bills. The U.S. House of Representatives last month passed the Equality Act—more than four decades after it was first introduced—extending civil rights protections to LGBTQ+ people. This vote should give us some hope. Its passage—236-173—was bipartisan, a rare feat these days; its provisions are expansive, granting protection in the areas of employment, housing and public accommodations; and its language includes both sexual orientation as well as gender identity, allowing for explicit inclusion of…

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