This article is ho-hum,,, but maybe 14 billion is also attached to future bloodletting.
techcrunch.com
SoftBank expects $24 billion in losses from Vision Fund, WeWork and OneWeb investments
...
The only reason all of these gambles haven’t completely destroyed SoftBank is that the company still has a cash cow in its Alibaba stake and a relatively strong core business in telecommunications and semiconductor holdings.
“The difference in income before income tax is, in addition to the above, mainly due to the expected recording of non-operating loss totaling approximately JPY 800 billion for fiscal 2019 on investments held outside of SoftBank Vision Fund, including The We Company (WeWork) and WorldVu Satellites Limited (OneWeb),” the company said in a statement. “This will be partially offset by the gain relating to the settlement of variable prepaid forward contract using Alibaba shares recorded in the first quarter of fiscal 2019 and the dilution gain from changes in equity interest in Alibaba recorded in the third quarter of fiscal 2019, as well as an expected year-on-year increase in income on equity method investments related to Alibaba.”...
However,,, ahem,,, ,, the comment section. :-D
Posted· 13 hours ago
Has anyone ever calculate approximately how much cash could be burned, assuming all 100 bills, in a typical outdoor fire pit? Would like to know how someone with a supply of 100 bills, and a fire, could compete with some corporations, over a quarter or a year. $10B is 6.8 miles of 100s stacked. No one could burn money like many tech start ups. |
