>Softbank were badly misvaluing We and Uber.
I don't think these two really belong together. We is probably worth nothing, and even that might be generous. Uber is worth billions with the only real debate being how many billions.
I don't think these two really belong together. We is probably worth nothing, and even that might be generous. Uber is worth billions with the only real debate being how many billions.
If Lyft died and could raise prices perhaps as it stands now they are not worth billions because of debt/losses.
Certainly not Softbank's valuation-levels of worth, but it's still not nothing.
They do own a relatively small amount of property, like their partial ownership of the Lord and Taylor building, which for reference is now considered a huge mistake (it's bleeding money).
Assuming Uber ever turns profitable.