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…
>Softbank were badly misvaluing We and Uber. I don't think these two really belong together. We is probably worth nothing, and even that might be generous. Uber is worth billions with the only real debate being how many billions.
This is Monday morning quarter backing. Everyone knows We is/was worthless. But Uber,AirBnB,Slack, Tesla, Beyond Meat..all's well.