https://www.cnbc.com/2019/10/15/goldman-sachs-says-it-marked-down-wework-stake-by-80-million.html #Goldman #WeWork #Softbank
Goldman Sachs says it marked down WeWork stake by $80 million
Still, Goldman's WeWork writedown was smaller than the $264 million estimate of Morgan Stanley analyst Betsy Graseck.
Steven Hoo
"A far larger drag was Goldman’s holdings in publicly-traded firms. The business was stung by bets in Uber, Avantor and Tradeweb, which drove losses of $267 million in the quarter, the bank said." #Uber stings lots of tutes!