After wasting billions and billions and billions on blowing up startups and bursting it, the Saudi funded Japanese investor bank SoftBank has now put a brake on startup funding. They ain't funding any now.
They haven't declared it publicly but that's what fund seekers are saying.
The wasted billions are still wasted, though.
The ugly thing is how they did it. They called the startup and said "we don't do slow startups, you pay customers to buy your product and boost up revenue very fast. Yes that will cost billions but here we are offering you the money."
And down the drain goes another $20B. That's how Uber and WeWork worked.