SoftBank's Masayoshi Son seemed to express concern about Vision Fund's near-50% stake in the dog-walking startup in his latest investor presentation.
SoftBank's Vision Fund is giving up its nearly 50% stake in the dog-walking startup Wag, as the company continues to struggle. A memo circulated among Wag employees informed them that the company was parting ways with SoftBank and cutting a significant number of jobs. The news was first reported by the Wall Street Journal's Cara Lombardo. The dog-walking startup has faced significant obstacles lately, including the departure of its former CEO Hilary Schneider last month.
SoftBank's Vision Fund is giving up its nearly 50% stake in the dog-walking startup Wag, as the company continues to struggle. A memo circulated among Wag employees informed them that the company was parting ways with SoftBank and cutting a significant number of jobs. The news was first reported by the Wall Street Journal's Cara Lombardo. The dog-walking startup has faced significant obstacles lately, including the departure of its former CEO Hilary Schneider last month.
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