News for hackers. Stuff that matters.

A comment on SoftBank’s $375M bet on pizza went bad fast. Parent comment

Re:SoftBank’s $375M bet on pizza went bad fast by sillysaurusx on Saturday February 15, 2020 @02:53PM (#22337529)
How did SoftBank manage to lose money by investing in Uber?
[ Parent | on HN ]
Re:SoftBank’s $375M bet on pizza went bad fast by oldgradstudent on Saturday February 15, 2020 @03:09PM (#22337636)
Join late at a very high valuation.

> “There were many naysayers when SoftBank invested last year at a valuation around $49 billion,” said Chris Lane, an analyst at Sanford C. Bernstein & Co. “The successful IPO of Uber at a valuation anywhere near $100 billion will be a strong validation for SoftBank and its Vision Fund. This is also very good news for SoftBank’s other ride-hailing investments.”

Oops.

https://www.bloomberg.com/news/articles/2019-04-12/softbank-...

[ Parent | on HN ]
Re:SoftBank’s $375M bet on pizza went bad fast by dntbnmpls on Saturday February 15, 2020 @07:40PM (#22339064)
> “There were many naysayers when SoftBank invested last year at a valuation around $49 billion,”

> Oops.

But the current UBER market cap is $68 billion. So if softbank invested at $49 billion and now UBER is worth $68 billion, how exactly is that an oops?

[ Parent | on HN ]
Re:SoftBank’s $375M bet on pizza went bad fast by skinnymuch on Sunday February 16, 2020 @01:42PM (#22343063)
The market cap of Uber is higher than the investment valuation.
[ Parent | on HN ]