Opinion: Softbank is getting exactly what it deserves, and it's thanks to something way bigger than WeWork. By lopezlinette
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 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 company has all the power.
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 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 company has all the power.
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