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Softbank In Deep Doo-Doo?


Wiley_11
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  • 2 weeks later...

V I S I O N F U N D

https://www.axios.com/wework-softbank-bailout-adam-neumann-1b24ad1c-e1db-471a-9715-a50daf9e3bb5.html

"The bear case is that SoftBank enabled Neumann's worst impulses and, from the perspective of many insiders, helped set fire to the company's reputation in the first place. Plus, there's the head-scratching decision late last month to have Claure help identify cost-saving and revenue opportunities at WeWork, even though SoftBank already had two directors on the WeWork board."

 

LoL

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  • 2 weeks later...

https://www.cnbc.com/2019/10/29/palo-alto-networks-nikesh-arora-wework-shows-cash-doesnt-always-win.html

 

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  • Nikesh Arora, CEO of Palo Alto Networks, criticized his former employer, SoftBank, which has been writing massive checks for tech founders.
  • Arora reportedly advised against investing in WeWork when he was at the Japanese company.
  • “Money in the right hands and right founders, right potential long-term platforms works, but it doesn’t work willy-nilly on every pet walking and hotel room renting website,” Arora said.

 

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  • 1 month later...
On 10/30/2019 at 5:39 PM, belusnecropolis said:

SoftBank is the techworld equivalent of a lotto winner, plowing through new access to Saudi Petro dollars on hookers and blow.

and dog walking apps. Selling stake and dropping from the board of *squints* . . . Wag. Ok.

https://www.cnbc.com/2019/12/09/softbank-sells-stake-back-to-wag.html

 

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