Re:SoftBank’s $375M bet on pizza went bad fast
by creddit on Saturday February 15, 2020 @02:32PM
(#22337377)
Their loss in Uber is quite small now, relatively. Uber's stock is back in the $40s approaching the IPO price.
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Re:SoftBank’s $375M bet on pizza went bad fast
by trhway on Saturday February 15, 2020 @03:19PM
(#22337694)
what loss? Looks like Softbank is already making small (by the tech standards) profit (if they had the stomach to make through the trough of course) - $7.6B invested for 220 million shares at the current stock price is more than $8.6B :
https://www.cnbc.com/2019/09/03/softbank-more-than-600-milli...
". The Japanese conglomerate spent about $6.6 billion to buy just over 200 million shares from existing investors, including former CEO Travis Kalanick, at around $32.87 a piece. It provided another $1.05 billion in fresh capital to Uber, buying 21.45 million shares at about $48.77 each."