It has already committed $65 billion to acquire big stakes in Uber, WeWork, Slack, and GM Cruise.
Uber and WeWork[1] are money drains buying market share. GM Cruise is a "fake it til you make it" operation. Is Softbank the biggest dumb money operation of all time?
(WeWork is strange. Most real estate businesses buy property and rent it out. WeWork rents property long term and rents it out short term.)
Uber and WeWork[1] are money drains buying market share. GM Cruise is a "fake it til you make it" operation. Is Softbank the biggest dumb money operation of all time?
(WeWork is strange. Most real estate businesses buy property and rent it out. WeWork rents property long term and rents it out short term.)
[1] https://news.crunchbase.com/news/wework-details-run-rate-rev...