Is Billionaire Okay?

Image: APIf you read a lot of tech news, the mind wanders every so often to billionaire SoftBank CEO Masayoshi Son. Is he sitting at his desk, the blackened banana peel of a detonated booby cigar still dangling from his lips, since SoftBank’s multi-billion-dollar gamble on WeWork spectacularly blew up in his face? Or is…

Is Billionaire Okay?

Image: APIf you read a lot of tech news, the mind wanders every so often to billionaire SoftBank CEO Masayoshi Son. Is he sitting at his desk, the blackened banana peel of a detonated booby cigar still dangling from his lips, since SoftBank’s multi-billion-dollar gamble on WeWork spectacularly blew up in his face? Or is he gleefully refreshing today’s news that Nuro’s passenger-less vehicle may actually birth the glorious pizza-delivering unicorn one hopes? Is he okay or what?According to the Wall Street Journal today, the answer is likely no.Since 2016, SoftBank’s $100 billion Vision Fund has hurled colossal sums of money at tech start-ups like WeWork, Uber, DoorDash, Slack, and also a robotic pizza startup Zume (running list here). The theme in many of these companies, the New York Times has noted, is that they gather our data; not a bad bet, financially, but they possibly didn’t consider whether anybody actually wanted to use the companies’ services or whether the CEOs were absolute maniacs. Now, sources told the Journal that SoftBank may only raise about half of its anticipated target of $108 billion for Vision Fund II, and much of it is expected to come from SoftBank itself rathe
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