Lost 70B during the dot com crash. Writing down billions in 2019 on Uber and WeWork. I know a few folks that worked at other companies he/Vision Fund invested in. One received $200M and they had no idea what to do with it. They spent it on headcount, which isn't the smartest when you don't know what direction to go. That investment will never see a positive return.
Anyways, other than Alibaba, does Masa have any other big wins?
They already bought quite a bit of early investors/employees of positions who cashed out happily.
I think this really is about loss mitigation than anything else.
They're already $10B in - spending another $5 to get $10B out vs <$1B out if they go bankrupt is probably worth it.
