Geneva Long, Bowlus Road Chief Founder & CEO, joined The Final Round to discuss the luxury RV travel industry and the surge in RV inquiries the company has seen over the past few months due to COVID-19....
(Bloomberg Opinion) -- What’s more perplexing, a company that can’t seem to avoid due diligence failures, or one that throws its name behind a controversial partner without putting in a dime? Investors in SoftBank Group Corp. may have seen a bit of both. Now, its entanglement with Wirecard AG leaves shareholders wondering exactly what kind of business they’ve been sinking their money into.Over the past year, SoftBank’s $80 billion startup splurge has quickly unraveled, as WeWork imploded and the initial public offering of Uber Technologies Inc. fell flat. But unlike WeWork, Wirecard won’t force SoftBank to write down any assets — because the tech conglomerate never put money into Wirecard itself.Instead, SoftBank facilitated a 900 million euro ($1 billion) convertible bond deal for the German digital payments company. Without requiring any SoftBank cash, the deal appeared to give the company’s stamp of approval to Wirecard, which had faced scrutiny over its accounting for years before admitting that 1.9 billion euros had gone missing from its accounts.(1) Wirecard’s...
Toby Russell, Co-CEO of Shift, joined The Final Round to talk the company's merger with Insurance Acquisition Corp and his outlook for the auto industry....
