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Change your perspective: this is not SoftBank losing money, this is the middle class gaining a free lunch. It's a massive redistribution of wealth from investor
by Invictus0 6y ago
Change your perspective: this is not SoftBank losing money, this is the middle class gaining a free lunch. It's a massive redistribution of wealth from investors to consumers.
- qeternity 6y agoSome of this is also just hitting the undo button. Softbank had a murky habit of leading back to back rounds, so they were effectively dictating the market for their own investments. It’s like if you invest in my business at a $10 valuation, and then a year later you invest at a $30 valuation, and a year after that your accountants force you to carry it at the original $10 valuation. You’re undoing previous paper gains, but nothing really changed.