Softbank is getting exactly what it deserves, and it’s thanks to something way bigger than WeWork
|11/10/2019||Posted by BusinessMediaguide.Com under General World News||
- Softbank took a $6.5 billion loss on investments in Uber and WeWork this quarter, and it deserves to lose more.
- It deserves it not because these are simply bad investments, but because SoftBank approaches investing from a bad thesis. Its aim is to create monopolies.
- SoftBank’s strategy is to pour so much money into a company that it leaves competitors in the dust and consumers with no choice. Then the company has all the power.
- This is bad for investors, bad for consumers, and bad for capitalism.
Softbank — the Japanese conglomerate and investment firm with seemingly limitless resources — is suffering. And in read more >>>