SOFTBANK IS SELLING BACK ITS STAKE IN EMBATTLED DOG-WALKING STARTUP WAG, AMID THE COMPANY'S 'PAINFUL' LAYOFFS

Larry French/AP 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 th...

BusinessInsider (Date:12/10/2019 02:36) Read full article >>

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