11–20 of 149 posts
It's not "loss". The money of SBV (Saudis?) has changed hands and now belongs to whatever startups or funds they had invested in.
What else would it mean in this context?
Their 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 layou…
Masayoshi 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-...
Ironically he ran out of liquidity, but it was a great example of what's possible.
> 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.
It's not "loss". The money of SBV (Saudis?) has changed hands and now belongs to whatever startups or funds they had invested in.
Their 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 layou…
Their 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 layou…
It's basically an inefficient, but effective way to siphon money from the poor and middle class and deposit it into the bank accounts of the wealthy by utilizing the equity the poor and middle class have in their vehicles.
It's not "loss". The money of SBV (Saudis?) has changed hands and now belongs to whatever startups or funds they had invested in.
That’s what “loss” means. They gave it away and didn’t get it back. What else would it mean in this context?
Their 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 layou…
It's basically an inefficient, but effective way to siphon money from the poor and middle class and deposit it into the bank accounts of the wealthy by utilizing the equity the poor and middle class have in their vehicles.
What poor and middle class assets does SoftBank manage? (EDIT: Nvm. I misread “vehicle” as an investment vehicle.)