Here's an example of his latest presentation slides: https://group.softbank/media/Project/sbg/sbg/pdf/ir/investor...
I can't speak to the numbers, but the values it espouses sound reasonable.
Preposterous. Clearly the goose is full of golden eggs
The Baffling World of Masayoshi Son's Presentations (2020)
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Re: The Baffling World of Masayoshi Son's Presentations (2020)
#12Here's an example of his latest presentation slides: https://group.softbank/media/Project/sbg/sbg/pdf/ir/investor...
ASI as Alien Slop Intelligence is already here. The next phase is hardening the slop, I suppose.
Re: The Baffling World of Masayoshi Son's Presentations (2020)
#13I mean, he was pretty vindicated on Uber. Which kind of hurts me to say, I was a long time Uber bear. But it did indeed emerge from the pandemic stronger.
yeah I was a uber bear too, some how it has turned around I was betting on the taxi drivers revolting, but the capital markets have prevailed
In what country would taxi drivers revolt?
I think in most countries the drivers get paid by the taxi license holders and usually can make more money and/or more have more flexible working conditions driving for Uber.
See eg https://www.statista.com/chart/6971/fare-deal-taxi-drivers-e...
Re: The Baffling World of Masayoshi Son's Presentations (2020)
#14I mean, he was pretty vindicated on Uber. Which kind of hurts me to say, I was a long time Uber bear. But it did indeed emerge from the pandemic stronger.
They also spent a ton of money to get an unchangeable law passed in their favor to bypass employment regulations.
> unchangeable law
WTF do you mean by this? Even constitutions can be amended, and if an odious law cannot be changed through politics then that only means it will be changed by other means.
Re: The Baffling World of Masayoshi Son's Presentations (2020)
#15Here's an example of his latest presentation slides: https://group.softbank/media/Project/sbg/sbg/pdf/ir/investor...
Goose value 0?
Re: The Baffling World of Masayoshi Son's Presentations (2020)
#16I mean, he was pretty vindicated on Uber. Which kind of hurts me to say, I was a long time Uber bear. But it did indeed emerge from the pandemic stronger.
yeah I was a uber bear too, some how it has turned around I was betting on the taxi drivers revolting, but the capital markets have prevailed
>I was betting on the taxi drivers revolting, but the capital markets have prevailed
Capital Markets found in favor of giant corporation Uber instead of giant corporation Cabcharge.
Re: The Baffling World of Masayoshi Son's Presentations (2020)
#17I mean, he was pretty vindicated on Uber. Which kind of hurts me to say, I was a long time Uber bear. But it did indeed emerge from the pandemic stronger.
Quick Google suggests Uber is up 66% on its IPO price, but the S&P index is up 85% over the same time period. I think Softbank also sold out around 2022, so the return (vs IPO price) would have been even lower. Didn't check for stock splits etc but I don't think Uber was a home-run for Softbank at all.
Re: The Baffling World of Masayoshi Son's Presentations (2020)
#18Masayoshi Son for me has always been the best living example of survival bias. Got very lucky once, been taking terrible decisions ever since.
Zuckerberg is another great example.
Re: The Baffling World of Masayoshi Son's Presentations (2020)
#19I mean, he was pretty vindicated on Uber. Which kind of hurts me to say, I was a long time Uber bear. But it did indeed emerge from the pandemic stronger.
yeah I was a uber bear too, some how it has turned around I was betting on the taxi drivers revolting, but the capital markets have prevailed
The old taxi union+licensing+bully hybrid system common in many parts of the world was far worse than the cruelest thing uber could do.
Re: The Baffling World of Masayoshi Son's Presentations (2020)
#20[deleted]