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I think they mean from social reprisal rather than a legal one. If they invest in risky projects that turn out to be frauds (and sometimes it feels like everyth
by maxbond 4y ago
I think they mean from social reprisal rather than a legal one. If they invest in risky projects that turn out to be frauds (and sometimes it feels like everything Softbank is involved with is a fraud - WireCard, Greensill, WeWork, and now this), they probably aren't breaking the law (at least, we'd need a lot more evidence to conclude this is deliberate rather than reckless), but they enable a higher rate of fraud in society. Which sucks for those of us living in it, which is to say, everyone.
I could see the argument for people saying, hey, gigantic VC firms, get your shit together, or we'll create a protest movement to shame you into it. Not because they're breaking the law, but because they're making messes which other people have to clean up.
- lazide 4y agoThat is typically called ‘reputational damage’, with the consequences being investors not giving them money to invest because they think they would lose it in another scam later. Which they are going to be suffering from (somewhat). Unless someone is picketing the line of investors lining up to give them money (how?), who/what is even going to be protesting?