SoftBank

Uber CEO Reveals Formula To Profitability

“Scale is the primary driver toward profitability,” says Uber CEO Dara Khosrowshahi. “It’s getting big. We’ve got over a billion rides per quarter and we’ve got trips growing at 35 percent on a year on year basis. It’s a combination of growing top-line over 35 percent, technology innovation to delight the customer and take costs …

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Autonomous Driving is Coming No Matter What, Says SoftBank CEO

“Autonomous driving is coming no matter what,” says Says SoftBank CEO Masayoshi Son. “That’s the destiny of where technology is going to drive us.” He adds: “When autonomous driving comes the cost of providing the service will dramatically get more efficient. It will also dramatically reduce the rate of accidents compared to human driving accidents. …

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Sprint, T-Mobile Hit a Stone Wall in Merger Plans

Merger negotiations between Sprint and T-Mobile have hit a stone wall again, with the former’s parent company, Softbank, apparently ready to walk away from the table. The news came as a surprise as the merger was expected to be formally announced at the end of October or early November. It has been reported that Sprint …

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