4 ms·
We was already being valued at around $17B in 2016 and 2017 before Masa came in and took it all the way to $47B. That $17B valuation was likely too high too so
by skinnymuch 7y ago
We was already being valued at around $17B in 2016 and 2017 before Masa came in and took it all the way to $47B. That $17B valuation was likely too high too so all the enabling blame isn’t on just Masa.
Side thing. I don’t know how things will work out, but SoftBank put in $9B and owns like 30% of the company. It’s valuation is below $20B now and who knows how low it’ll go. Or what will happen with them needing money. SoftBank and the fund are at best going to be out $4B. Is that what’s likely the case? That money is essentially flushed down the toilet for SB and their fund?