3 ms·

Cerebral (read: Uber for drugs)

• sebmellen 5y ago
  SoftBank is a huge Uber investor and also threw $300 million into their latest round.
  • bigDinosaur 5y ago
    Asking for a friend, but is the secret to receiving Softbank capital just to be either a scam or a highly misleading business? I still can't work out why they ever invested so much in WeWork.
    • hef19898 5y ago
      At the very least SoftBank money is a good indicator of something fishy. If get an answer so, let me know. A friend of could use some SoftBank millions as well!
    • thow-58d4e8b 5y ago
      This is the best write-up of the Softbank business model: https://www.readmargins.com/p/softbank-robinhood-and-a-margins?s=r https://www.readmargins.com/p/softbank-robinhood-and-a-margi... In short, the background of Softbank founders is in plumbing of the financial system. They intentionally bid up dubious companies into obviously unsustainable valuations, with the aim to make them highly illiquid. Faced with illiquid stocks, many of the assumptions behind trading models break down, and obscurities of the financial plumbing come to fore - the water Softbank knows really well. Eventually, index funds include a portion of the bid-up companies on their balance sheets, FOMO investors roll in - that's when Softbank unloads their bags
      • Apocryphon 5y ago
        Is this like a- preemptive vulture fund?