Softbank& #39;s investments - Uber, Doordash, Wework, etc - are cons. They launder Saudi oil billions with "businesses" that lose titanic amount of money for many years, while also preying on real businesses and their own workforce.

1/
Then, Softbank exits with an IPO that offloads the money-losing company on suckers who think its longevity means there must be a "path to profitability." Softbank cleans up, but workers& #39; lives and real businesses are destroyed, and the suckers get cleaned out.

2/
A little microcosm of this is yesterday& #39;s viral tale of a pizzeria that found itself on the receiving end of a bungled short-con by Doordash and turned the tables on the company. It& #39;s a petty revenge, but so satisfying.

#schadenpizza">https://pluralistic.net/2020/05/18/code-is-speech/ #schadenpizza

3/">https://pluralistic.net/2020/05/1...
If there& #39;s one thing Trumpism has taught us about sociopathic con-artists, it& #39;s that their greatest boasts mask their deepest terrors. And Softbank is no exception.

Yesterday& #39;s Softbank earnings call was HILARIOUS.

https://www.bloomberg.com/opinion/articles/2020-05-18/the-unicorns-fell-into-a-ditch

5/">https://www.bloomberg.com/opinion/a...
Softbank presented investors and analysts with a slidedeck that showed their "unicorns" (companies with >$1B valuation, though often that valuation is based entirely on Softbank& #39;s bald-faced, con-artist& #39;s assertion) tumbling into the "valley of coronavirus."

6/
Oh no, you might think, those poor unicorns are stuck in a ditch!

But fear not! According to Softbank, those unicorns are merely a larval stage, and they will pivot to becoming pegasi, sprouting wings and flying away!

So.

Much.

Winning.

eof/
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