https://www.cnbc.com/2019/10/15/goldman-sachs-says-it-marked-down-wework-stake-by-80-million.html #Goldman #WeWork #Softbank
Goldman Sachs says it marked down WeWork stake by $80 million
Still, Goldman's WeWork writedown was smaller than the $264 million estimate of Morgan Stanley analyst Betsy Graseck.
Steven Hoo
"A far larger drag was Goldman’s holdings in publicly-traded firms. The business was stung by bets in Uber, Avantor and Tradeweb, which drove losses of $267 million in the quarter, the bank said." #Uber stings lots of tutes!
https://www.cnbc.com/2019/09/07/uber-wework-and-slack-public-valuations-show-softbank-vision-flaw.html #Softbank #Vision Fund
Masa Son's multi-generational vision is running into a brick wall: The public markets
SoftBank's Vision Fund wants to invest in dominant technologies that will be the backbones of the next industrial revolution, but public market characteristics may be antithetical to that mission.
https://www.cnbc.com/2019/09/03/softbank-more-than-600-million-underwater-on-uber.html Only having vision is not enough. #softbank
SoftBank is more than $600 million underwater on its Uber investment as stock hits an all-time low
With Uber shares trading at a record low, SoftBank's massive investment in the ride-hailing company is looking shakier by the day.