4 ms·
Softbank was the Pets.com of 2000. Their market cap dropped from $200B to $2B. Masayoshi Son was "worth more" than Bill Gates for 3 days. It's their playbook
by basch 7y ago
Softbank was the Pets.com of 2000. Their market cap dropped from $200B to $2B. Masayoshi Son was "worth more" than Bill Gates for 3 days.
It's their playbook. Although they left the dotcom crash losing 99% of their value, they walked out with a stake in Alibaba now worth over $100B.
- jjakque 7y agoPlanet money has a podcast episode on WeWork and Masayoshi: https://www.npr.org/2019/10/04/767379358/episode-943-unicorn-cowboy https://www.npr.org/2019/10/04/767379358/episode-943-unicorn...