4 ms·
what loss? Looks like Softbank is already making small (by the tech standards) profit (if they had the stomach to make through the trough of course) - $7.6B inv
by trhway 7y ago
what loss? Looks like Softbank is already making small (by the tech standards) profit (if they had the stomach to make through the trough of course) - $7.6B invested for 220 million shares at the current stock price is more than $8.6B :
https://www.cnbc.com/2019/09/03/softbank-more-than-600-million-underwater-on-uber.html https://www.cnbc.com/2019/09/03/softbank-more-than-600-milli...
". The Japanese conglomerate spent about $6.6 billion to buy just over 200 million shares from existing investors, including former CEO Travis Kalanick, at around $32.87 a piece. It provided another $1.05 billion in fresh capital to Uber, buying 21.45 million shares at about $48.77 each."