3 ms·
I feel like this is another "Sprint" acquisition in the making for Masayoshi. Uber like Sprint has - undefensible core business model - overvalued market cap
by pwaai 9y ago
I feel like this is another "Sprint" acquisition in the making for Masayoshi. Uber like Sprint has
- undefensible core business model
- overvalued market cap
- assumes capital markets will hold
https://www.forbes.com/sites/abrambrown/2013/07/30/sprints-problems-brought-into-new-clearity-fall-to-billionaire-led-softbank-to-solve/#587220977159 https://www.forbes.com/sites/abrambrown/2013/07/30/sprints-p...
To me, he's a risk-taker for the sake of taking risks. He has to be perceived to be taking risks in the Japanese circles for some reason, but might be a billionaire ego. While there were good picks like Alibaba, these capital intensive acquisitions seems counter productive and during completely different environments (early 2000s).
I don't mean to criticize Son Masayoshi for all he is, after all, he did overcome poverty and a systematically racist Japanese society that severely limited the economic activities of non-Japanese, purely based on blood. I just feel like most of his North American acquisitions haven't turned out great.