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

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.

[ Parent | on HN ]

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...

[ Parent | on HN ]

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.

[ Parent | on HN ]

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?

[ Parent | on HN ]