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Yeah, it's crazy. It's like Softbank's team wasn't even running basic financial models. And once Wall St wouldn't touch it, Softbank never really even made a
by travisoneill1 7y ago
Yeah, it's crazy. It's like Softbank's team wasn't even running basic financial models. And once Wall St wouldn't touch it, Softbank never really even made a counterargument in favor of its valuation. It seems like they cut a $10 billion check just based on emotion, but that is just hard to believe. And the bankers on the IPO must have known that it was going to be DOA and took the business anyway just to grab some fees.