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SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil

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Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil

#11

Post by simonh »

rcMgD2BwE72F wrote: post #7
Havoc wrote: post #5

Earlier quoted context omitted.

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.

He's a Japanese investor. While a significant amount of the funds he invests originated from oil money, his actual investments are in technology companies, so the future revenues and valuations of his investments are not based on oil.

Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil

#12

Post by dunkelheit »

rcMgD2BwE72F wrote: post #7
Havoc wrote: post #5

Earlier quoted context omitted.

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.

Well if he doesn't get too fussy about investing revenues specifically from fossil fuels and diversifies into simply investing money seized by autocrats regardless of its source then it is a plan that can be sustained for millenia.

Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil

#13

Post by threeseed »

rapsey wrote: post #2

Vision Fund is probably pretty dead. I can't imagine anyone giving them money in the future.

Vision Fund has an investment horizon in the decades. So the idea that it is dead is just ignorant.

And there is plenty of capital and not many decent investment vehicles so expect Vision Fund 2 to do just fine.

Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil

#14

Post by diffeomorphism »

rcMgD2BwE72F wrote: post #7
Havoc wrote: post #5

Earlier quoted context omitted.

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.

"This guy": https://en.wikipedia.org/wiki/Masayoshi_Son

> If it's based on

Not really. Son himself got most of his money from investments into Alibaba.

What you are probably referring to is that the Saudis are large investors of the vision fund. I don't share your optimism that there won't be insanely rich people with little accountability in the centuries to come.

Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil

#17

Post by tasssko »

Havoc wrote: post #5
rapsey wrote: post #2

Vision 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.

In my view 300 year timescale and technology investments are antithetical.

Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil

#19

Post by bradleyjg »

pearjuice wrote: post #15
atupis wrote: post #6

is this a sign of bubble popping? although I am not sure can this spread outside of Saudis and Softbank.

What bubble?

The one where large, mature companies are priced in multiples of revenue rather than earnings.

Re: SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil

#20

Post by sam_lowry_ »

Traster wrote: post #9

It 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'l…

Arm is a de facto monopoly, WeWork and Uber are not
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