Bubble Finance Runamuck—SoftBank’s Circular Firing Squad

Uber is under siege in Latin America amid a bruising price war where its ostensible rivals are Rappi and China’s Didi Chuxing Technology Co. But here’s the twist. All the combatants have as their biggest owner the same tech investor, Japan’s SoftBank Group Corp., which has injected a total of $20 billion into the three.

 

 

 

 

https://www.wsj.com/articles/softbank-is-funding-every-side-of-latin-americas-bruising-startup-battle-11580398900?mod=djemMoneyBeat_us