Softbank CEO and Trump announce $100 billion investment in U.S. by firm
Posted: Dec 16, 2024
- Softbank CEO Masayoshi Son announced $100 billion investment in the U.S. over the next four years during a visit to President-elect Donald Trump's Mar-a-Lago residence
- The investment aims to create 100,000 jobs focused on artificial intelligence and related infrastructure
- Softbank previously agreed to invest $50 billion in the U.S. in 2016
- Funding may come from various sources controlled by Softbank, including the Vision Fund, capital projects, or chipmaker Arm Holdings, where the firm is majority owner.
What do people on Reddit think?
🚨 Reddit sentiment: negative - The majority of comments express doubt, skepticism, or mockery towards Softbank's investment announcements and leadership, suggesting ineffectiveness or failure similar to past promises. Summarized comments: - Skepticism towards Softbank's investment due to past promises that did not materialize - Comparison to well-known figures like Cathie Wood and Jim Cramer to indicate skepticism about investment decisions - Reference to a pattern from 2016 where announcements didn't lead to significant change - Concerns that the investment will not reach the promised $100 billion - Comparisons to failed or overpromised projects like Foxconn - Suggestion that Softbank's opposite actions should be considered more reliable Stock tickers discussed: $SFTBY
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