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Because 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-bankr
by ForHackernews 9mo ago
Because 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 9mo agoHow did they get it?
- ForHackernews 9mo agoGot lucky on Yahoo! Japan in the 1990s.
- lotsofpulp 9mo 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...