The SoftBank "Vision Fund" master plan for economic domination is not particularly complicated: Give companies lots of money so they can pursue scale and grab all the market share in a particular sector without having to make a profit. Once they have driven their competitors out of the field, these companies can then use their monopoly status to gouge consumers they have heretofore coddled with unrealistically low prices. This sometimes goes by the name of "blitzscaling." But as Edward Ongweso
A little feast on our time
A little feast on our time
A little feast on our time
The SoftBank "Vision Fund" master plan for economic domination is not particularly complicated: Give companies lots of money so they can pursue scale and grab all the market share in a particular sector without having to make a profit. Once they have driven their competitors out of the field, these companies can then use their monopoly status to gouge consumers they have heretofore coddled with unrealistically low prices. This sometimes goes by the name of "blitzscaling." But as Edward Ongweso