boilermaker55
Gold Member
- Aug 12, 2011
- 6,795
- 755
SoftBank's $50 billion pledge to Trump just got more complicated
Another fabrication, no....LIE by "the donald", isn't it like him to take credit for things that he didn't do in anyway.
Seems like "the donald" can lie anytime and the teabaggers suck it up.
he tech company is injecting $1 billion into Florida startup OneWeb, which aims to provide Internet access from small satellites orbiting the Earth.
On the surface, the news fits nicely with SoftBank (SFTBF) CEO Masayoshi "Masa" Son's promise to President-elect Donald Trump to pour money into the U.S. to create 50,000 new jobs.
But it raises further questions about how much of the $50 billion he pledged earlier this month would have ended up in the U.S. anyway.
After meeting with Son earlier this month, Trump quickly claimed credit for the huge investment promise, tweeting: "Masa said he would never do this had we (Trump) not won the election!"
Related: The 'crazy' Japanese billionaire who met Trump has a 300-year plan
The reality turns out to be a bit more complicated. Son told The Wall Street Journal that the money promised to Trump would come from a $100 billion technology investment fund that SoftBank announced with the government of Saudi Arabia in October, weeks before the election.
Given that the U.S. has the leading startup sector in the world, it seems likely that much of the fund's money would have found its way there regardless.
The OneWeb deal further complicates the picture. That money is coming directly from SoftBank rather than the fund, which is "still in the early planning stages," according to Softbank spokesman Matthew Nicholson.
Another fabrication, no....LIE by "the donald", isn't it like him to take credit for things that he didn't do in anyway.
Seems like "the donald" can lie anytime and the teabaggers suck it up.
he tech company is injecting $1 billion into Florida startup OneWeb, which aims to provide Internet access from small satellites orbiting the Earth.
On the surface, the news fits nicely with SoftBank (SFTBF) CEO Masayoshi "Masa" Son's promise to President-elect Donald Trump to pour money into the U.S. to create 50,000 new jobs.
But it raises further questions about how much of the $50 billion he pledged earlier this month would have ended up in the U.S. anyway.
After meeting with Son earlier this month, Trump quickly claimed credit for the huge investment promise, tweeting: "Masa said he would never do this had we (Trump) not won the election!"
Related: The 'crazy' Japanese billionaire who met Trump has a 300-year plan
The reality turns out to be a bit more complicated. Son told The Wall Street Journal that the money promised to Trump would come from a $100 billion technology investment fund that SoftBank announced with the government of Saudi Arabia in October, weeks before the election.
Given that the U.S. has the leading startup sector in the world, it seems likely that much of the fund's money would have found its way there regardless.
The OneWeb deal further complicates the picture. That money is coming directly from SoftBank rather than the fund, which is "still in the early planning stages," according to Softbank spokesman Matthew Nicholson.
