SoftBank expects $24B in losses from Vision Fund, WeWork and OneWeb

Re:SoftBank expects $24B in losses from Vision Fund, WeWork ... by gordon_freeman on Tuesday April 14, 2020 @04:02PM (#22870758)

I had absolutely worst experience at Oyo. I had an overnight flight from Delhi to SFO and went there to get a few hours of sleep but ended up shouting frequently at their unprofessional staff for making too much noise. I could not get any sleep and thought I could have been better served by just reaching the airport early instead of staying at Oyo. Just adding my feedback here to illustrate that they have absolutely no oversight to maintain the quality standards at the hotels being booked by them.

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Re:SoftBank expects $24B in losses from Vision Fund, WeWork ... by mkagenius on Tuesday April 14, 2020 @04:39PM (#22871143)

Ritesh Agarwal the CEO of Oyo, is a bigger con-artist(1) than his fellow Neuman. Now if you indulge me, I propose that he will attribute his failure to Covid-19 and be forgiven unlike his fellow Neuman who didn't had that luck. Oh and an intereting fact, Sequoia just sold all its shares in Oyo, a few months back with a good ROI. Sequoia does make money even with con-artist founders. They are good.

1. https://www.livemint.com/Companies/7CN7u5d4i3bfYgBAZLdLpM/Wi...

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Re:SoftBank expects $24B in losses from Vision Fund, WeWork ... by robbiep on Tuesday April 14, 2020 @07:05PM (#22872550)

Already happening right?

https://www.google.com.au/amp/s/www.bloomberg.com/amp/news/a...

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Re:SoftBank expects $24B in losses from Vision Fund, WeWork ... by geodel on Tuesday April 14, 2020 @10:37PM (#22873894)

One difference is at least now US media is calling Neuman what he is. Where as Ritesh dude is still an Indian hero as per local media.

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Re:SoftBank expects $24B in losses from Vision Fund, WeWork ... by threwrwe42342 on Wednesday April 15, 2020 @01:38AM (#22874880)

> Where as Ritesh dude is still an Indian hero as per local media.

He is not . The 'English media' is not the local media in India.

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Re:SoftBank expects $24B in losses from Vision Fund, WeWork ... by AJ007 on Tuesday April 14, 2020 @08:14PM (#22873009)

There literally is no Oyo. They took hotels from the bottom x% of hotels, and guaranteed them revenue and got the Oyo sign slapped on the front door.

Who could have thought this would work? Like starting a banana company by white labeling the bottom 1% of bananas in quality with your brand name. All the smelliest, most rotten bananas infested with bugs.

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Re:SoftBank expects $24B in losses from Vision Fund, WeWork ... by mikenyc on Tuesday April 14, 2020 @10:24PM (#22873810)

An amazing story of the guy who took over the banana industry, starting by buying all the "ripes" that were previously considered trash: https://www.amazon.com/Fish-That-Ate-Whale-Americas/dp/12500...

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Re:SoftBank expects $24B in losses from Vision Fund, WeWork ... by sriram_sun on Wednesday April 15, 2020 @02:01AM (#22875011)

> Who could have thought this would work? Some enterprising person on Airbnb! Trashy trailers repainted and rebranded as cabins around Redwood National Park. I'm not going back there, but there will be enough suckers if the traffic's heavy.

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Re:SoftBank expects $24B in losses from Vision Fund, WeWork ... by puranjay on Wednesday April 15, 2020 @08:29AM (#22876917)

Incredible that someone actually thought a new splash of paint and a big red brand can make up for the complete lack of culture, training, and motivation at the bottom rung of India's hotel industry.

Did no one realize that they're in the hospitality industry?

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