WeWork is absolutely not a bad idea. Talk to regus, they’re running a profitable business doing the exact same thing (pre-covid).
Also, Rides had already reached profitability at Uber (pre-covid).
They are both totally viable businesses, post-covid.
The mistake SoftBank made wasn’t investing in them, it was investing at a valuation that grossly overestimated the size of the opportunity, and how quickly they would see their return.
Uber & Wework aren’t going to be Apple/Google market cap any time soon, if ever. And that was true pre-covid.
Also, Rides had already reached profitability at Uber (pre-covid).
They are both totally viable businesses, post-covid.
The mistake SoftBank made wasn’t investing in them, it was investing at a valuation that grossly overestimated the size of the opportunity, and how quickly they would see their return.
Uber & Wework aren’t going to be Apple/Google market cap any time soon, if ever. And that was true pre-covid.