This almost seems like the plot of the James Bond story Casino Royale.
Basically, SoftBank has taken the money of some very unsavory characters (people who are literally willing to cut your body into little pieces) promising big gains and has lost a significant chunk of it.
Now, like Le Chiffre, they are desperately trying to gamble big, hoping that they can make up the lost money by high risk strategies.
Did SoftBank take Saudi money before or after the Saudis had a journalist murdered and cut to pieces in one of their embassies? If before, can’t predict the future. If after, you reap what you sow.
do you think Saudi Arabia brutally butchering political dissidents is an invention of the last few years? Reminder that we're talking about an aboslutist theocracy that employs slave labour and executes people for heresy in the streets with Scimitars
helping that regime in multiplying their resources has been unethical since the dawn of time
You’re not wrong. It’s the continual doubling down that is disappointing. It’s only a human rights violation when it’s not a trading partner apparently.
Not really. It's a thesis that if you own the top dogs in the most important consumer growth verticals that you will get both economies of scale and own sector growth. He might end up being very wrong, but it's not really more than that.
> Basically, SoftBank has taken the money of some very unsavory characters (people who are literally willing to cut your body into little pieces) promising big gain
So has pretty much every major company and every major industry around the world. The saudis are some of the largest investors in pretty much everything - including the tech world.
> and has lost a significant chunk of it.
They haven't lost anything yet. They have made investments. Whether it pans out will take time. Even WeWork is still an investment. And last I heard, their first vision fund actually grew in value rather than declined.
> hoping that they can make up the lost money by high risk strategies.
It is the world's largest venture capital fund. The entire fund exists to invest in high risk companies. What are you talking about?
The fact that you think "This almost seems like the plot of the James Bond story Casino Royale." should tell you your assumptions and conclusions might require re-evaluating.
If what you said was true, softbank wouldn't have been able to create a second vision fund.
Instead of parroting news ( which hypes clickbait nonsense about things they don't understand ) and then mixing that with hollywood fantasy, why not look at the data, facts and what is really happening.
Basically, SoftBank has taken the money of some very unsavory characters (people who are literally willing to cut your body into little pieces) promising big gains and has lost a significant chunk of it.
Now, like Le Chiffre, they are desperately trying to gamble big, hoping that they can make up the lost money by high risk strategies.