Fair, the SoftBank-backed car startup, lays off 40% of staff, sacks CFO
The reckoning may be still to come for various other Softbank-backed companies. Will just take a while for them to run out of cash.<p>For example, Improbable also got 500M from Softbank a few years ago, and makes 500k (!) revenue at a loss of 50M [0] and cost of revenue of 10M. It's insane.<p>[0] <a href="https://uk.finance.yahoo.com/news/softbank-backed-gaming-startup-improbable-burns-50m-huge-cash-injection-131849943.html" rel="nofollow">https://uk.finance.yahoo.com/news/softbank-backed-gaming-sta...</a>?<p>edit: for anyone interested in the details, look at the most recent group accounts file here: <a href="https://beta.companieshouse.gov.uk/company/08070525/filing-history" rel="nofollow">https://beta.companieshouse.gov.uk/company/08070525/filing-h...</a>