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.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.[0] https://uk.finance.yahoo.com/news/softbank-backed-gaming-sta...?edit: for anyone interested in the details, look at the most recent group accounts file here: https://beta.companieshouse.gov.uk/company/08070525/filing-h...