SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
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Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
#2Vision Fund is probably pretty dead. I can't imagine anyone giving them money in the future.
Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
#3Vision Fund is probably pretty dead. I can't imagine anyone giving them money in the future.
Why? Could you elaborate on this?
Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
#4Vision Fund is probably pretty dead. I can't imagine anyone giving them money in the future.
Why? Could you elaborate on this?
They invest in lots of crap companies:
https://www.ft.com/content/25f76710-fbde-11e9-98fd-4d6c20050...
Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
#5Vision Fund is probably pretty dead. I can't imagine anyone giving them money in the future.
Think you'd be surprised.
One bad quarter for a guy that talks about 300 year timescale.
Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
#6is this a sign of bubble popping? although I am not sure can this spread outside of Saudis and Softbank.
Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
#7Vision Fund is probably pretty dead. I can't imagine anyone giving them money in the future.
Think you'd be surprised. One bad quarter for a guy that talks about 300 year timescale.
Who's this guy and where his money come from? If it's based on fossil fuel revenues seized by autocrats, please explain how his plan can be sustained for centuries.
Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
#8Vision Fund is probably pretty dead. I can't imagine anyone giving them money in the future.
They have substantial investments in ARM and NVidia which seem more reasonable...
Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
#9It seems pretty clear that Softbank were badly misvaluing We and Uber. The second they hit the public markets suddenly Softbank could no longer sustain their paper valuations which is causing this loss. It's kind of funny that Softbank can mark its own homework on this - they buy the company and then because the investment isn't liquid they can basically choose any valuation they want for the companies they own. It'll be interesting to see how sceptical people are of the other companies in the Softbank portfolio. For example, they acquired ARM for $31Bn- what are they claiming it's worth now?
Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
#10then we can say success of a fund does not correlate with its volume