SoftBank Vision funds post record $39B annual loss

Post by spaceman_2020 » Thu, May 11, 2023, 8:57 PM UTC

shp0ngle wrote: post #33

jjeaff wrote: post #12

Earlier quoted context omitted.

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 doesn't get the wealthy especially rich either, looking at the losses. Who gets rich on Uber and similar apps are all the programmers that visit this website, we make good money on all those schemes. We get paid really well. We are who really gets the best deal in all this. (Now I need to hide away before the flying shoes hit me.)

Post by jacquesm » Thu, May 11, 2023, 8:59 PM UTC

ren_engineer wrote: post #25

SoftBank is a meme at this point but I'd imagine most VCs are down on paper as well, rising interest rates crushed the valuation of pretty much every startup

Post by adrr » Thu, May 11, 2023, 8:59 PM UTC

jjeaff wrote: post #12

williamDafoe wrote: post #8

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.

Post by bombcar » Thu, May 11, 2023, 9:02 PM UTC

spaceman_2020 wrote: post #51

shp0ngle wrote: post #33

Earlier quoted context omitted.

It doesn't get the wealthy especially rich either, looking at the losses. Who gets rich on Uber and similar apps are all the programmers that visit this website, we make good money on all those schemes. We get paid really well. We are who really gets the best deal in all this. (Now I need to hide away before the flying shoes hit me.)

as an end user, I got a pretty good deal for quite a while. I'm always surprised that VCs assume that customers are morons and will keep buying the same product even when its not a good deal anymore. Uber's terms of the deal changed, so I don't buy the product anymore. Simple as.

Post by NotYourLawyer » Thu, May 11, 2023, 9:10 PM UTC

unyttigfjelltol wrote: post #43

loeg wrote: post #18

Earlier quoted context omitted.

Made the $20B through excessive leverage, too.

Tale old as time, they never quit when they're ahead.[1] [1] https://en.m.wikipedia.org/wiki/Jesse_Livermore