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> Masa is bailing out the Saudis. Can you elaborate? genuinely interested to understand, isn't he investing more Saudi money in potentially doomed unicorn?
by tahdig 7y ago
> Masa is bailing out the Saudis.
Can you elaborate? genuinely interested to understand, isn't he investing more Saudi money in potentially doomed unicorn?
- deleted 7y ago[deleted]
- agency 7y agoThis latest bailout is coming directly from SoftBank, not the Vision Fund.
- ecf 7y agoThe Saudi empire is built on oil, which won’t last forever. They are desperately trying to diversify by throwing money at bad ideas in a way that makes VCs look like toddlers playing with Monopoly money. Eventually, a lot of those fail and the Saudis want their money back.
- mschuster91 7y ago> Eventually, a lot of those fail and the Saudis want their money back I'd wager that in 20 years the Saudi regime doesn't exist anymore, Softbank/Vision Fund or not. They're going to crash hard, the youth worldwide does not want dictatorships and theocracies any more and the old guards are literally dying off. Besides, the Saudis (and other Gulf states) have lost more money to way stupider efforts than wework, for their scale wework is chump change.
- deleted 7y ago[deleted]