How does a company lose $20+ billion

Question

I feel like losing $10,000 deal would get me fired. How the heck does one lose BILLIONS and still have a job? Like, the WeWork guy gets $350million after losing billions and just manages to run other companies? Make it make sense plz.

https://www.bloomberg.com/news/articles/2022-08-08/softbank-ceo-pledges-sweeping-cost-cuts-after-23-4-billion-loss

bbs · Accepted Answer

To be fair, he did get fired form we work.

VitaminC · Answer

Losing $20+ B is the easy part, “hyper growth/scale” is the easiest excuse and we have no shortage of companies, even post IPO, with no visibility to not lose money. Getting $20+ B is the challenge.

19f7dlj6fdob8re · Answer

Definitely an egregious case with Adam, but I feel like VC is all about exploding valuations and having a vision or plan for *something*. Most people just aren't willing to go to bat for something massive. So whoever is crazy enough to try, gets this monopoly on the capital.

How does a company lose $20+ billion

Bloomberg - Are you a robot?

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