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SoftBank Reports Record $23B Quarterly Loss as Tech Downturn Hits
- malshe 4y agohttps://archive.ph/0wrOD https://archive.ph/0wrOD
- blippage 4y agoWhen the Japanese cock something up, they don't mess around. A large proportion of the world's oldest companies are Japanese (https://en.wikipedia.org/wiki/List_of_oldest_companies https://en.wikipedia.org/wiki/List_of_oldest_companies), so you'd there'd be a general culture of conservatism. In retrospect, SoftBank's purchase of ARM should have been a warning sign that it was too acquisition-hungry. I'm going to guess that SoftBank borrowed heavily to fund acquisitions. Whatever the "strategic rationale" is for the purchase, these kinds of operations usually end in disaster.