The $100 billion they made from AliBaba gave them a lot of headroom to fail.
scale. producing that level of return on that amount of capital is nigh on impossible. this makes them structurally worse investors, combined with a fixation on bubbles and unfortunate timing.
they’re far worse than much larger sovereign wealth funds who also take moonshots
dont make excuses for these degenerates, we can appreciate their economic stimulus without the window dressing
SoftBank or its investors might view WeWork as a hedge against something else. The overall portfolio might make sense even when some individual investments go south.
For WeWork to be a hedge, Softbank would have had to hold a very big short position on a company whose creditors it owes billions to.