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Hedge fund billionaire Bill Ackman has joined the list of investors who think WeWork may be worth nothing.

“I think WeWork has a pretty high probability of being a zero for the equity, as well as for the debt,” Ackman, the founder of the New York-based hedge fund Pershing Square, said in response to a question he received on stage at the Robin Hood investor conference on Tuesday.

He added that he thought the Japanese tech giant SoftBank “should have walked away” from investing in WeWork and that it seemed to be “putting good money after bad.”

Its co-founder and former CEO Adam Neumann saw a specular fall from grace as reports surfaced of overspending amid little corporate governance and erratic behavior, as reported by The Wall Street Journal.