SOFTBANK IS GETTING EXACTLY WHAT IT DESERVES, AND IT'S THANKS TO SOMETHING WAY BIGGER THAN WEWORK

The Asahi Shimbun via Getty Images Bank/' title='Softbank News'>Softbank took a $6.5 billion loss on investments in Uber and WeWork this quarter, and it deserves to lose more. It deserves it not because these are simply bad investments, but because SoftBank approaches investing from a bad thesis. Its aim is to create monopolies. SoftBank's strategy is to pour so much money into a company that it leaves competitors in the dust and consumers with no choice. Then the compa...

BusinessInsider (Date:11/10/2019 14:25) Read full article >>

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