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Has SoftBank made ANY bets on American companies that are on trajectory to make significant returns?
by DevX101 7y ago
Has SoftBank made ANY bets on American companies that are on trajectory to make significant returns?
- tempsy 7y agoThey purchased most of their Uber stake at $33. It's at $40 now, so they've made money on Uber despite what the media wants you to believe.
- icebraining 7y agoYes, they technically did. But they are congratulating themselves on an 18% gain, having invested in early 2018. The S&P 500, with reinvested dividends, is up 22% over the same period.
- tempsy 7y agoUpside for Uber is higher than S&P at this point. Could easily go above IPO price given the general upward trend + their good earnings.
- alephnan 7y agoThen they could have bought S&P500 first, then buy into Uber now
- tempsy 7y agoThat’s just called hindsight. If anyone knew at the time of decision what the perfect investment was we’d all be billionaires.
- alephnan 7y agoRight, we don’t. But no one buys the S&P500 because it’s the perfect investment. It’s diversified. Much less risky then buying an individual stock like Uber.
- tempsy 7y agoYou're wondering aloud why a VC firm doesn't just buy the S&P. I think you can figure that one out yourself.
- deleted 7y ago[deleted]