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Companies are worth what people are willing to to pay for them. Softbank was willing to pay an amount most others weren't. In that situation there are 2 options
by benj111 7y ago
Companies are worth what people are willing to to pay for them. Softbank was willing to pay an amount most others weren't. In that situation there are 2 options, take the lower price, or wait until the higher price is proved to be justified.
I don't know at what point we can decide that the vision fund isnt, well, visionary. As things stand though, if you have faith in Weworks business model, this seems like a reasonable move.
To be clear, I don't have any particular faith in that business model, but I don't have any money on the line either way.