Re:SoftBank expects $24B in losses from Vision Fund, WeWork ...
by luckylion on Tuesday April 14, 2020 @04:42PM
(#22871177)
> Not a good investment, but not fraudulent.
As in "claiming you're a tech company and inflating your valuation isn't fraudulent".
I believe the GP's point was that, if Theranos hadn't been a fraud, it was a story that investments made sense in. WeWork wasn't, it only "worked" because it was essentially a pyramid scheme where the guy at the top took the money investors brought in, pissed some off it away publicly and then used that to show potential investors how great his company was going.
As in "claiming you're a tech company and inflating your valuation isn't fraudulent".
I believe the GP's point was that, if Theranos hadn't been a fraud, it was a story that investments made sense in. WeWork wasn't, it only "worked" because it was essentially a pyramid scheme where the guy at the top took the money investors brought in, pissed some off it away publicly and then used that to show potential investors how great his company was going.