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Well, maybe you could think about it like this: If they don't intervene, they lose all their previous investment guaranteed. So just consider all of that previ
by mushufasa 7y ago
Well, maybe you could think about it like this:
If they don't intervene, they lose all their previous investment guaranteed. So just consider all of that previous investment gone (sunk cost).
If they invest $5b they may make an $8b valuation. And they may still think there is upside beyond that.
Not sure if that's what they really think, but a lot of posters here seem to accuse softbank of sunk cost fallacies without considering that they are surely aware of investing 101.
- goatinaboat 7y agoThe sunk cost fallacy has a name because people keep doing it, even knowing what it is