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I've got to say I think this is a really bearish sign for Softbank. Softbank is meant to be so big that it can pick winners and buy shares of entire markets so
by Traster 7y ago
I've got to say I think this is a really bearish sign for Softbank. Softbank is meant to be so big that it can pick winners and buy shares of entire markets so they can own the future returns of all these tech companies. One of the big advantages of Softbank was meant to be that if you have softbank money you are going to win through capital spend and expansion.
But the fact that Softbank can't walk away from We seems to indicate that they actually are a lot more sensitive to the market than they claim to be. It really changes the dynamic if Softbank can't afford to hold all these companies when the next recession comes. You don't want to be a Softbank owned company during that fire sale.
- perl4ever 7y agoThis seems vaguely like a martingale betting system.