Stories
Slash Boxes
Comments

SoylentNews is people

posted by on Wednesday December 07 2016, @03:53PM   Printer-friendly
from the what-are-they-buying-for-that-sum? dept.

SoftBank Group Corp. Chief Executive Officer Masayoshi Son told President-elect Donald Trump he would create 50,000 new jobs in the U.S. through a $50 billion investment in startups and new companies.

The money will come from SoftBank's previously announced $100 billion technology fund, according to a person familiar with the matter. That investment vehicle has a $45 billion commitment from the government of Saudi Arabia and $25 billion from Tokyo-based SoftBank, which operates technology and wireless companies around the world.

[...] Some investments from SoftBank's fund, which was unveiled in October, were probably destined for the U.S. anyway, given the nation's leadership in the global technology industry. But Son hadn't previously committed to creating a specific amount of jobs through the investment vehicle.

More coverage from Washington Post and Reuters.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 3, Interesting) by jmorris on Thursday December 08 2016, @12:29AM

    by jmorris (4844) on Thursday December 08 2016, @12:29AM (#438563)

    The numbers cited are from finance.yahoo.com and, unless they can't even deliver official records anymore, be the actual audited financial records. They can blow smoke about investing in infrastructure but net assets, that is assets minus liabilities, are only about $10B. $365B of market cap buys you about $10B (plus any net assets built up in '16 which aren't on the books yet) plus you are buying their revenue stream, which as I pointed out isn't likely to remain if they want to make a profit.

    And you willfully missed the point, I was pointing out that I'm not the only one to notice the conspicuous lack of profits. Contrast to Google, which has a $535B market cap but only a P/E of 28.23. They show net assets of $134B. They are actually a real company earning some real money.

    Starting Score:    1  point
    Moderation   +1  
       Interesting=1, Total=1
    Extra 'Interesting' Modifier   0  
    Karma-Bonus Modifier   +1  

    Total Score:   3  
  • (Score: 0) by Anonymous Coward on Thursday December 08 2016, @05:29AM

    by Anonymous Coward on Thursday December 08 2016, @05:29AM (#438634)

    > The numbers cited are from finance.yahoo.com and, unless they can't even deliver official records anymore, be the actual audited financial records.

    Your lead criticisim is the source of the numbers? When you didn't even provide a citation for your numbers?
    What are you, twelve years old?

    > And you willfully missed the point, I was pointing out that I'm not the only one to notice the conspicuous lack of profits

    Oh, is that some kind of argumentum ad populum fallacy?
    Because if you had actually read any of those articles you cited you would have seen they said exactly what I said about what Amazon has been doing with their profits.

    You really are in high school aren't you? Youngest soybean here. Mentally, at least