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> They make money almost for free. And the employees too, they got fat severances. All of this reminds me of a government jobs program. Strange, isn’t it? If t
by 0x8BADF00D 7y ago
> They make money almost for free.
And the employees too, they got fat severances. All of this reminds me of a government jobs program. Strange, isn’t it? If the free market wasn’t so distorted in the US (primarily because of government involvement), companies like this would never get funded in the first place. Instead we have government jobs programs popping up all over, due to QE by the Fed. Next time they should just helicopter the money directly to everybody. Way more efficient.
- Klinky 7y agoSoftBank is a Japanese company heavily invested in companies all over the world. I am not clear on the direct link between US Fed QE and SoftBank's Zume Pizza investment. If you are going to blame the US government for this bad investment, then you'll also need to give them credit for all of SoftBank's good investments too, right?
- 0x8BADF00D 7y agoWhat good investments are you taking about? Nuro? Give me a break. WeWork? These are malinvestments.
- Klinky 7y agoAlibaba, Yahoo Japan, SoftBank Corp, ARM, Boston Dynamics