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A comment on The Silicon Valley Economy Is Here. and It’s a Nightmare. Parent comment

Re:The Silicon Valley Economy Is Here. and It’s a Nightmare by borski on Thursday January 16, 2020 @11:01AM (#22065724)
It doesn’t, and that is parent’s point. The companies it mentions and the “gig economy” it lambasts is largely the result of insane amounts of funding from SoftBank, causing those companies to make profit at any cost.
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Re:The Silicon Valley Economy Is Here. and It’s a Nightmare by CydeWeys on Thursday January 16, 2020 @11:07AM (#22065798)
And to really connect the dots here, SoftBank is Japanese and its Vision Fund is mostly Japanese and Saudi money.
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Re:The Silicon Valley Economy Is Here. and It’s a Nightmare by aguyfromnb on Thursday January 16, 2020 @11:33AM (#22066088)
>SoftBank is Japanese and its Vision Fund is mostly Japanese and Saudi money.

Does that money exist in a vacuum? No, it's invested in American companies, for the most part. SoftBank has set absurd valuations, which other VCs have benefited from.

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Re:The Silicon Valley Economy Is Here. and It’s a Nightmare by jellicle on Thursday January 16, 2020 @11:34AM (#22066097)
How many of these have anything to do with Softbank?

https://en.wikipedia.org/wiki/List_of_gig_economy_companies

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Re:The Silicon Valley Economy Is Here. and It’s a Nightmare by JohnFen on Thursday January 16, 2020 @11:14AM (#22065881)
Nobody forced SV companies to take that money, though. They knew what the deal was.
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