Saudi ties scare shareholders
Shares in Masayoshi Son’s SoftBank Group Corp. fell sharply yesterday due to its close ties to the Saudi government.
Dig Deeper: Saudi Arabia is believed to be responsible for the disappearance of journalist Jamal Khashoggi. The Saudi’s are major investors in their Vision Fund, and are planning to invest another $45 billion in Vision Fund II.
Heard in the Valley: Kingston told Bloomberg: “Son is going to find a chillier welcome in Silicon Valley. The whole ethos of these young venture capitalists is they want to make the world a better place. That’s hard to reconcile with the vision of darkness that Saudi Arabia is projecting.”