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(MSN)   Softbank in talks to sell off pieces of itself after posting record loses last quarter of $23.4 or 3/16 Trillion Yen. Damn, Son   (msn.com) divider line
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325 clicks; posted to Business » on 08 Aug 2022 at 3:20 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



12 Comments     (+0 »)
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2022-08-08 3:54:28 PM  
That place makes one bad decision after another.  The CEO fell in love with that WeWork wanker and basically backed up the Brink's truck, then watched as the money evaporated.  Make stupid investments, win stupid prizes!
 
2022-08-08 3:59:18 PM  
The headline fails both math and English.
 
2022-08-08 4:02:18 PM  
If they only lost $24 I don't see how they have a problem.
 
2022-08-08 4:02:36 PM  
'record loses'
 
2022-08-08 4:05:54 PM  

CrazedAndBemused: That place makes one bad decision after another.  The CEO fell in love with that WeWork wanker and basically backed up the Brink's truck, then watched as the money evaporated.  Make stupid investments, win stupid prizes!


The gamble with Sprint on the American wireless market didn't pan out either.
 
2022-08-08 4:36:24 PM  

DesertCoyote: CrazedAndBemused: That place makes one bad decision after another.  The CEO fell in love with that WeWork wanker and basically backed up the Brink's truck, then watched as the money evaporated.  Make stupid investments, win stupid prizes!

The gamble with Sprint on the American wireless market didn't pan out either.


Yeah it did when Trump allowed them to merge with T-Mobile (which was why Son bought it).  A merger that should have never happened, by the way.
 
2022-08-08 6:00:43 PM  

Geotpf: DesertCoyote: CrazedAndBemused: That place makes one bad decision after another.  The CEO fell in love with that WeWork wanker and basically backed up the Brink's truck, then watched as the money evaporated.  Make stupid investments, win stupid prizes!

The gamble with Sprint on the American wireless market didn't pan out either.

Yeah it did when Trump allowed them to merge with T-Mobile (which was why Son bought it).  A merger that should have never happened, by the way.


of all the big mergers of the past decade or so, this was the one I had the least problem with.

Sprint wasn't long for this world one way or the other. I would much rather have the distant 3rd place company in terms of size (that's still a slightly less distant 3rd post-merger) absorb them and be somewhat on parity with the other two than Sprint dying off and T-Mo being completely unable to compete with the other two.
 
2022-08-08 6:07:38 PM  

The Sophian Church: 'record loses'


might be AI writing it...........

automation is the number one reason for disappearing blue collar jobs and they say AI will do same for white collar jobs in the future.

and now, bob has the weather..........
 
2022-08-08 6:09:46 PM  

DesertCoyote: CrazedAndBemused: That place makes one bad decision after another.  The CEO fell in love with that WeWork wanker and basically backed up the Brink's truck, then watched as the money evaporated.  Make stupid investments, win stupid prizes!

The gamble with Sprint on the American wireless market didn't pan out either.



the big dummies

all they had to do was relocate in the greatest country on earth.  there, the government would have bailed them out.
 
2022-08-08 6:31:02 PM  
There's a guy on Fark who thinks westerners tricked poor SoftBank into making a bunch of risky tech investments. I'd love to hear what stupid shiat he has to say about this
 
2022-08-08 7:27:46 PM  
Fortress is a bag of poop. Pete and Wes know.
 
2022-08-08 8:12:06 PM  
Oh. A couple of posts up, someone is trolling... maybe me?

I don't get triggered by SoftBank, even though I have owned a lot of it in the past.

SoftBank has been doing this since before Y2K. This is probably the one company that I leave alone because they all know what is going on and nobody cares, and they don't break laws, apparently. It is a hedge fund run as a company. They take cash flows and sales proceeds from some ventures and use them to finance some spectacular failures and the occasional home run.

We all probably know that they used to own like half of Yahoo. They made a ton of money off of a US telco and phone service provider. People would be investing in them heavily if there were not crazier companies to invest in. Some people like to mix crazy with their investing. It is a kiddie roller coaster compared to what is going on in the world these days.
 
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