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by tibbydudeza 2439 days ago
Softbank ... now offically the Pets.com of 2019.
3 comments
birdyrooster 2439 days ago
Personally, I enjoy watching the Saudi Vision Fund money go up in flames. SoftBank is deeply associated with the murderous Mohammad Bin Salman and gets the benefit of his brand.
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basch 2439 days ago
Softbank was the Pets.com of 2000. Their market cap dropped from $200B to $2B. Masayoshi Son was "worth more" than Bill Gates for 3 days.

It's their playbook. Although they left the dotcom crash losing 99% of their value, they walked out with a stake in Alibaba now worth over $100B.

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jjakque 2439 days ago
Planet money has a podcast episode on WeWork and Masayoshi: https://www.npr.org/2019/10/04/767379358/episode-943-unicorn...
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nostromo 2439 days ago
Except 250 times bigger.

(Pets.com max market cap was $400 million. Softbank's Vision Fund is 100 billion.)

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xkjkls 2439 days ago
How much of that capital has actually been deployed yet?
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