SoftBank Vision funds post record $39B annual loss
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Re: SoftBank Vision funds post record $39B annual loss
#2Re: SoftBank Vision funds post record $39B annual loss
#3Should've just invested in public cloud providers :D
Re: SoftBank Vision funds post record $39B annual loss
#4> Yoshimitsu Goto, the tech conglomerate’s chief financial officer, said on Thursday that the company would not miss opportunities to invest in new technology such as ChatGPT, but cautioned that it was not ready to accelerate its deal activity.
Apparently Saudi Crown Prince Mohammed bin Salman didn't read the classic essay: "Goto considered harmful" before making massive investments in SoftBank.
Re: SoftBank Vision funds post record $39B annual loss
#5Masayoshi Son should really be a mod in r/wallstreetbets
Re: SoftBank Vision funds post record $39B annual loss
#6It's not "loss". The money of SBV (Saudis?) has changed hands and now belongs to whatever startups or funds they had invested in.
Re: SoftBank Vision funds post record $39B annual loss
#7It's not "loss". The money of SBV (Saudis?) has changed hands and now belongs to whatever startups or funds they had invested in.
And from there a lot of it presumably has flowed into cloud and advertising spend.
Re: SoftBank Vision funds post record $39B annual loss
#8Their massive early investment in Uber distorted their reality and they expected ride sharing to be incredibly successful in other markets when it's not even successful in the USA - it's a fraud that pays below minimum wage off the backs of people who cannot do math. It has never made money anywhere ...
ARM has had a laziness problem ever since the Apple A1 chip - there's a reason why nobody uses their 6-yr old layouts. ARM almost killed Qualcomm when they adopted A57 for the snapdragon 808 using the 64-bit arm design - that chip melted quite a few phones and this gave Exymos it's start!
Re: SoftBank Vision funds post record $39B annual loss
#9Masayoshi Son should really be a mod in r/wallstreetbets
Alongside Bill Hwang, who famously lost $20 billion by excessive leverage.
https://www.bloomberg.com/news/features/2021-04-08/how-bill-...
Re: SoftBank Vision funds post record $39B annual loss
#10It's not "loss". The money of SBV (Saudis?) has changed hands and now belongs to whatever startups or funds they had invested in.
A lot of startup employees got paid...a lot of customers got to enjoy below market prices in the quest for growth for a few years...