I work in the industry (yes, the whole debacle has been fairly entertaining).
From what I've heard, Neumann was 100% convinced that the 16Bn financing round was a sure thing (and the rapid growth was how he positioned himself for it). I don't know whether he meant to ride off the sunset, or (as our ceo put it), rely on the fact that even if the business is unsustainable, tens of billions of cash means that you won't go bankrupt for a long time.
From what I've heard, Neumann was 100% convinced that the 16Bn financing round was a sure thing (and the rapid growth was how he positioned himself for it). I don't know whether he meant to ride off the sunset, or (as our ceo put it), rely on the fact that even if the business is unsustainable, tens of billions of cash means that you won't go bankrupt for a long time.