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why are you obsessed with how other people allocate their money?
by android521 8mo ago
why are you obsessed with how other people allocate their money?
- serf 8mo ago>why are you obsessed with how other people allocate their money? I suggest you stop viewing the actions of multi billion dollar multinational corporations as anything similar to individual action.
- ForHackernews 8mo agoBecause Softbank are really bad at it, and they have lots of it. https://www.reuters.com/business/softbanks-wework-once-most-valuable-us-startup-succumbs-bankruptcy-2023-11-07/ https://www.reuters.com/business/softbanks-wework-once-most-...
- lotsofpulp 8mo agoHow did they get it?
- ForHackernews 8mo agoGot lucky on Yahoo! Japan in the 1990s.
- lotsofpulp 8mo agoWikipedia says Alibaba was their big win. And then they convinced the Saudis to let them bet with Saudi money. They also have decent net income trends: https://companiesmarketcap.com/softbank/earnings/ https://companiesmarketcap.com/softbank/earnings/ Either way, seems like enough of their bets work out, so far. https://blogs.wsj.com/digits/2014/09/19/softbanks-alibaba-alchemy-how-to-turn-20-million-into-50-billion/ https://blogs.wsj.com/digits/2014/09/19/softbanks-alibaba-al...
- Ronsenshi 8mo agoWhat made you think that I'm "obsessed" with how other people spend money?
- wobblyasp 8mo agoTu Quoque AND false equivalency. Impressive. We should all care how resources are used, even if don't own them. That investment is going to make things more expensive for everyone. See RAM, SSD, and GPU prices.
- bigbadfeline 8mo agoIt's not their money.