Comment on With its SoftBank deal, Uber may have invited a tiger into the hen house

With its SoftBank deal, Uber may have invited a tiger into the hen house

Julie Larsen Maher ©WCS On Thursday, SoftBank became one of Uber's largest investors. The checks were barely cut when Uber's new board member from SoftBank hinted that SoftBank was ready to throw its weight around and influence the direction of the company. The problem is what SoftBank wants Uber to do may be better for SoftBank than for Uber. The instant the checks were cashed in Softbank's $9.3 billion investment in Uber on Thursday, SoftBank started throwing its weight around. Rajeev Misra, Uber's new board member from SoftBank, told the Financial Times on Thursday that the company would hit profitability faster if it left certain international markets and focused on others.

 

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