Re:SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
by rcMgD2BwE72F on Wednesday November 06, 2019 @05:32AM
(#21461261)
Who's this guy and where his money come from? If it's based on fossil fuel revenues seized by autocrats, please explain how his plan can be sustained for centuries.
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Re:SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
by diffeomorphism on Wednesday November 06, 2019 @05:57AM
(#21461362)
"This guy": https://en.wikipedia.org/wiki/Masayoshi_Son
> If it's based on
Not really. Son himself got most of his money from investments into Alibaba.
What you are probably referring to is that the Saudis are large investors of the vision fund. I don't share your optimism that there won't be insanely rich people with little accountability in the centuries to come.
Re:SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
by dunkelheit on Wednesday November 06, 2019 @05:54AM
(#21461353)
Well if he doesn't get too fussy about investing revenues specifically from fossil fuels and diversifies into simply investing money seized by autocrats regardless of its source then it is a plan that can be sustained for millenia.
Re:SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
by malenm on Wednesday November 06, 2019 @08:20AM
(#21462199)
NPR Planet Money podcast recently did an episode all about it:
https://www.npr.org/2019/10/04/767379358/episode-943-unicorn...
Re:SoftBank Reveals $6.5B Loss from Uber, WeWork Turmoil
by simonh on Wednesday November 06, 2019 @05:51AM
(#21461347)
He's a Japanese investor. While a significant amount of the funds he invests originated from oil money, his actual investments are in technology companies, so the future revenues and valuations of his investments are not based on oil.