Prof Scott Galloway writes..
Sometimes it’s darkest before it’s … pitch black.
Things are going from bad to worse at SoftBank. Since January 2019, Vision Fund firms have laid off over 10,700employees — more than 2x the workforce of Twitter. And last year will soon be the good old days.
August turned into the mother of all summer bummers for the Vision Fund (let’s stop putting numbers on it, as this is the first and last fund from SoftBank). SoftBank was likely hoping Oyo’s growth would be the antibiotic to what ails the current portfolio. However, Oyo is about to become a heat shield for We as it turns into the new problem child — not smoking pot behind the gym, but crashing dad’s car into a Chick-fil-A.
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