Skip to navigationSkip to content
Close
SoftBank is more than $600 million underwater on its Uber investment as stock hits an all-time low

SoftBank is more than $600 million underwater on its Uber investment as stock hits an all-time low

Read more on CNBC

Featured contributions

  • Join the club. Not sure how many more times Uber's management needs to fail before the board does something about it. The stock is 50% lower than where it opened at the IPO -- and that was a discounted price to begin with. They lost $5.2 billion last quarter alone. They're totally mishandling the worker

    Join the club. Not sure how many more times Uber's management needs to fail before the board does something about it. The stock is 50% lower than where it opened at the IPO -- and that was a discounted price to begin with. They lost $5.2 billion last quarter alone. They're totally mishandling the worker classification fight (AB5) in California and are seeing their model turned upside down as a result. At some point, not being Travis isn't enough. If the next quarters earnings aren't materially better, the board needs to change the senior leadership.

More contributions

  • SoftBank invested $7b+ billion in Uber...wow, that makes them ~$600M underwater

    Softbank also invested $4.5b in WeWork...

  • It’s not a matter of management. The only way that Uber can work out is with self-driving cars, a monopoly (securing both customers and drivers-if any-under their control), and with really huge, massive infusions of VC cash built in house of cards/ponzi-scheme fashion.

    Reality: self driving cars won’t

    It’s not a matter of management. The only way that Uber can work out is with self-driving cars, a monopoly (securing both customers and drivers-if any-under their control), and with really huge, massive infusions of VC cash built in house of cards/ponzi-scheme fashion.

    Reality: self driving cars won’t be ready for at least 5-10 years, and even worse (for Uber), their awful and shameful treatment of their drivers is coming back to bite them by reclassifying drivers correctly as employees. Oh, and after foolishly shoveling billions of dollars into the money destroyer that is Uber, the VCs finally realized that most of them had been taken for a ride.

    But hey, I have enjoyed getting all of the promos that they’ve graciously offered. Helps to take some of the bite away from everything else that’s been priced out of reach in SF.

  • Softbank did it to themselves. The warnings were there. The next question will Uber and Lyft be declaring bankruptcy any time soon?

  • Uber became “the jobs for people who don’t want to have jobs” versus the initial assumption of “make money on your spare time”...

    The difference between the former and the latter: regulation versus ubiquity...

    Caveat emptor.

  • SB requires a position on the Uber board.