this post was submitted on 14 Aug 2023
155 points (97.0% liked)
Technology
59204 readers
3190 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I’ll be blunt: if a large bank is stupid enough to invest money in a company that’s basically vaporware, and they invest because they were far too lazy to do any real due diligence, that’s on the bank.
Just to clarify, SoftBank is not a bank.
Just to clarify: a "commercial bank" is like Bank of America, or Wells Fargo.
An "investment bank" is like... Softbank. They pool money together of the rich and they all make massive bets on companies with their pooled money.
That just makes it worse and totally deserved.
"You had one fucking job!"
Softbank's explicit strategy on their "Vision Fund" was to bankroll their investments with so much money, that all other competitors lost.
Its harmful to our economy and people need to recognize how targeted and how much of a dick-move this was for the last 10 years.
Yeah, they make Link Amps