tech

SoftBank: No final agreement on Uber

4 Comments
By KAZUHIRO NOGI

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© 2017 AFP

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4 Comments
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With all the storm clouds swirling around Uber across the world, taking a big risk to invest anything right now.

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Kaerimashita, I agree. If Uber or Softbank think the Japanese government is going to let Uber fully into Japan, they are fooling themselves, in my opinion. There are too many ojisan drivers who would vote against them in elections.

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Past 2 years a bubble in big cap tech stocks has been building rapidly especially in 2017. ETFs & retail investors have been allocating a disproportionate amount to the FAANG stocks and others like Softbank, etc. Though these big stocks have earnings, there PE ratios are too high based on current very high earnings and most optimistic projections that are not sustainable. Others like Uber, etc are raising tons of money with negative profits. Even tiny Singapore Razer is making its founder a billionaire, and the firm is making little profits. Soon something nasty is going to happen. Just some profit taking by big investors may cause a significant down move in the Tech area.

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 I agree. If Uber or Softbank think the Japanese government is going to let Uber fully into Japan, they are fooling themselves, in my opinion. doesnt mean squat, Masayoshi Son has very deep pockets and very large paperbags with many political donations to hand out. Just like Casinos were never though to come to Japan now they are. At the end of the day if Uber doesnt take taxi drivers jobs away , automated vehicles eventually will its only a matter of time.

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