MbS vision was to diversify investment. Therefore created an investment bank called SoftBank from the oil fund. Along with with Gulf governments. This one was heavily investing in tech stocks in silicon valley. Boosting up prices of all tech stocks single handed.
Today's news : SoftBank is in trouble.
- CFO has quit the company.
- Founder lost $130M in bitcoin investment. He purchased at its peak, and valuation of the coins are now at 15% of what it was at that time.
- $333M investment on Uber's autonomous vehicle, now gone. After the Uber accident.