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2 mins read
Bleeding bad: Ola roughly spent Rs 4 for every rupee earned during 2015-16
"They spent almost Rs 8.5 for every rupee earned in 2014 -15. That number is down to almost Rs 4 fo…
5 mins read
Chinese billionaire Jack Ma and AMD CEO Lisa Su have a new tech strategy: shoot the moon
In this week's Insider Tech newsletter we look at the astronomical deals dominating tech, as well a…
Alexei Oreskovic
5 mins read
Inside the influencer economy, a sports betting boom, and SoftBank's struggles
Others have used Instagram to launch their own business. Julia Engel, who goes by Gal Meets Glam on…
Matt Turner
3 mins read
Alibaba will make $730 million from Paytm IPO, Vijay Shekhar will earn $54 million
One 97 Communications — the parent company of digital payments giant Paytm — will launch its initia…
2 mins read
SoftBank is reportedly under fire from investors after its WeWork debacle
SoftBank slashed its valuation of WeWork by more than 80% to less than $5 billion in the three mont…
Theron Mohamed
2 mins read
SoftBank's latest valuation of WeWork is lower than previously thought - at under $5 billion
The presentation includes a short timeline of WeWork's IPO fiasco, from cofounder Adam Neumann step…
Theron Mohamed
1 min read
SoftBank smashed profit forecasts ahead of its $100 billion fund launch
Masayoshi Son, SoftBank's billionaire founder, is currently looking to raise $108 billion from inve…
Yusuf Khan
5 mins read
Softbank is getting exactly what it deserves, and it's thanks to something way bigger than WeWork
In 2008, Amazon tried to buy a company called Quidsi (the owner of diapers.com, soap.com, and beaut…
Linette Lopez
2 mins read
Saudi Arabia is reportedly talking to SoftBank about pouring billions into its second Vision Fund
In the past, Saudi Arabia has been a major investor in SoftBank through its Public Investment Fund …
Isobel Asher Hamilton
2 mins read
Apple and Microsoft are both investing in SoftBank's newest $108 billion mega-fund for startups
Goldman Sachs and Public Investment Fund of Saudi Arabia, a sovereign wealth fund, were both backer…
Megan Hernbroth
2 mins read
Softbank's CEO pledges to give India and other solar alliance members free power in 25 years
In a move that is bound to get more countries to sign up for the International Solar Alliance (IS…
35 mins read
Alphabet's 2019 first-quarter earnings call
Dan Salmon (BMO): Good afternoon, everyone. Sundar, you reminded us how April and May are pretty bi…
Jonathan Garber
2 mins read
'I shut my eyes,' SoftBank CEO Masayoshi Son says after losing more than $4.7 billion on WeWork
SoftBank agreed a $9.5 billion rescue package with WeWork last month in exchange for an 80% stake i…
Theron Mohamed
3 mins read
WeWork's value plunged more than 80% to below $5 billion last quarter, SoftBank says. Here's why that's a staggering drop
In its IPO filing, WeWork reported having $6.7 billion worth of property and equipment as of June 3…
Theron Mohamed
1 min read
SoftBank records loss of nearly $350 mn from Snapdeal, Ola
The figures comes after Softbank reported a loss of over $550 million for the six-month period endi…
2 mins read
SoftBank's Masayoshi Son says he wants to keep working with the Saudi government, despite the Khashoggi killing, in order to continue to bring the benefits AI 'to the people'
The Saudi sovereign wealth fund was a large contributor to SoftBank's first Vision Fund, one of the…
Megan Hernbroth
3 mins read
A small number of banks profited from a SoftBank dealmaking bonanza in 2018 - one of the most lucrative fee opportunities in modern history
To find a real competitor for Son's appetite for investment banking in recent years, you need to in…
Alex Morrell
2 mins read
The hyper-acquisitive tech giant SoftBank has made a big hire from Goldman Sachs
In the past year, JPMorgan's Alejandro Vicente joined JAB Holdings, Morgan Stanley's Alban de La Sa…
Portia Crowe
3 mins read
Billionaire hedge fund founder Ray Dalio says low interest rates have allowed companies to sell 'dreams instead of earnings'
But Dalio, who founded Bridgewater, says the low interest rates are hurting more than just investor…
Bradley Saacks
2 mins read
The CEO Of Softbank Thinks He Deserves The Same Level Of Respect As Warren Buffett From Investors
By "Buffet premium," Son is obviously referring to Warren Buffet, and how investors tend to give mo…