SoftBank made a ton of stupid investments like WeWork and was bleeding money. Th... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		pokerhobo on Sept 14, 2023 \| parent \| context \| favorite \| on: Arm IPO to kick off today SoftBank made a ton of stupid investments like WeWork and was bleeding money. They needed to cash out their ARM investment to recoup major losses.

monocasa on Sept 14, 2023 [–]

In fact, SoftBank is known for being the one of the stupidest big investors there is. They got lucky being an early investor in Alibaba, but have managed to piss most of that money away on getting left holding the bag on the peak.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact