SoftBank posts unexpected $6.2bn loss after WeWork bankruptcy
Japanese tech conglomerate hit by falling valuations in portfolio companies
The same SoftBank that pissed away tens of billions of $ funding the whole WeWork fiasco?
the fresh investment would result in 100,000 new jobs, mainly in the artificial intelligence (AI) sector
WTF does this even mean?
No idea?
Bullshit. Just a straight pipe of bullshit that the entire media landscape is just going to glug right down and shit right back out as “news”…
yes. yes, it is.
Japanese tech conglomerate hit by falling valuations in portfolio companies
No idea?
Sorry, this was more of a rhetorical question than anything. Son lost some $15 billion investing in WeWork mostly because he vibed with the messianic con-man that ran the company. (Certainly not because it had a sound business model.)
It didn’t need a huckster CEO to go down in flames.
It’s just all so stupid. All of it. I hate everything about what’s happening here and what’s to come.
(Certainly not because it had a sound business model.)
Hey! I’m trying to sip a drink here! pppppssst!
We are so fucked.
I hate everything about what’s happening here and what’s to come.
When a good friend (in banking) told me about this (back when the tech was bearer bonds in orange banker bags, I thought he was joking.) This means that these vaporware companies can slam many times their “worth” into the market, and with modern technology, it moves fast.
Fractional-reserve banking is the system of banking in all countries worldwide, under which banks that take deposits from the public keep only part of their deposit liabilities in liquid assets as a reserve, typically lending the remainder to borrowers. Bank reserves are held as cash in the bank or as balances in the bank's account at the central bank. Fractional-reserve banking differs from the hypothetical alternative model, full-reserve banking, in which banks would keep all depositor funds ...
If he loses his remaining appeals, Trump would become the first convicted felon to serve as U.S. president.
The question is how these appointments fit in with the campaign promise to rescue the working class.
As a lot of people here love to say: we must protect the billionaires, as they give Jobs to the poor people.
I expect we’ll be seeing many more reported drone sightings in the future as a result.
Well damn, if that’s all it takes, I’m seeing drones right now over Illinois and Wisconsin. Hundreds of 'em! There’s one outside my window right now, I’m assuming.
we must protect the billionaires, as they give Jobs to the poor people.
Oh, but they do! Paying them, however, is a different matter.
Let alone paying anywhere near what the work is worth.
Ah, but if they did that, could they still be billionaires?
(I think I see the problem here…)
Ah, but if they did that, could they still be billionaires?
That’s the thing, yeah, they could. While I’m of the opinion that billionaires absolutely should not exist, they could still easily be billionaires and pay decent wages to their workers. (It wouldn’t make them good people, by any means, but at least Amazon workers wouldn’t be living in their cars.)
More than a dozen officials accused of signing false certifications claiming Trump had won their states' votes in the 2020 election were set to serve as electors.
I bet he confused Bahamas with Bananas.
Did he tell him to go look at it?
Okay, I’ll be out in the car.
I’m seeing a pattern: he’s rewarding these people by sending them to countries he doesn’t really give a shit whether they exist or not, so basically he’s giving them sinecures a long, long way away where they can’t get into any trouble.
That’s as opposed to the close personal friends he’s appointing as ambassadors to places he has heard of: the number of people on the list of Ambassadorial Appointments whose experience is as “CEO of the blah organisation”, or, worse, various Border Patrol/Law Enforcement folks, whose only other qualification was that they gave Trump money.
Plus, Stellantis is undoing much of former CEO Carlos Tavares' work, and Trump plans to block the government and military from buying electric vehicles
[…]
Incoming president Donald Trump may not be able to stop the rollout of electric vehicle chargers across the country, but he can stop the U.S. government and military from buying battery-powered vehicles. It’s part of his wider plan to stop EV development and adoption in its tracks.
[…]