Softbank has a history of knowingingly inflating private market prices with additional small investments at a higher valuation (with syndicated other people’s money) to make their overall investment value appear to be going up. They sell out at IPO or later rounds.
Softbank has a history of knowingingly inflating private market prices with additional small investments at a higher valuation (with syndicated other people’s money) to make their overall investment value appear to be going up. They sell out at IPO or later rounds.
That explains it - they’re most likely doing it with OpenAI.
…I’m low-key wishing the bubble bursts before SoftBank is able to cash out.