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At this point, why doesn't SoftBank just use WeWork as a physical presence outlet to expand offering their core business services internationally? Like cell pho
by mushufasa 3y ago
At this point, why doesn't SoftBank just use WeWork as a physical presence outlet to expand offering their core business services internationally? Like cell phones?
- constantly 3y agoThis question implies that you might think that SoftBank is something like a bank with branch locations where people can go deposit money and have a checking account. Not so! SoftBank is basically just a Japanese investment fund and probably doesn’t need 800 points of presence.
- phone8675309 3y agoBut some of the companies they own might benefit from it.
- llm_nerd 3y agoMost WeWork locations are not in retail type places. Many are on higher floors in office buildings, etc. Further the bankruptcy is a restructure and the truth is that WeWork will likely emerge from it a continuing operation.
- eli 3y agoThey invested in DoorDash and Uber but they don't own DoorDash and Uber.
- mitthrowaway2 3y agoGP's point is that in Japan, SoftBank is a telecom company with branch locations, offering phones and phone plans.
- napierzaza 3y ago[dead]
- eitally 3y agoI was wondering something similar recently when my father-in-law was visiting us in SV from their home in Northern Virginia and asked whether there were any Capital One branches nearby. I didn't know but would have been surprised if the answer was "no", so I googled it. Turns out they've converted a bunch of their old physical branches into cafes. You can't bank in them, but you can ask banking questions (a la Genius Bar), and you can use their wifi and hangout. Who knew! https://www.capitalone.com/local/ https://www.capitalone.com/local/
- dragontamer 3y agoI think I saw someone comment about the finances of bank branches... Its something like, each branch office is a $10-million/year investment into making the customer feel slightly more secure about their money.
- lotsofpulp 3y agoI just see more branches as less money that could be paid to me in interest.
- sand500 3y agoIn 2017 I had an issue with my capital one credit card and went to a physical branch and they just said to call the main helpline. To the credit of the employee, he offered to sit with me while I was on the phone.