Good day everyone,
Softbank Japan has had many capital ventures that have been proven toxic and with low return over the years, their biggest scandal being the way they handled the WeWork scandal and bankruptcy.
Currently they have another huge liability and that is the Revolut LTD company which they own a share in their private IPO.
Revolut has been in the news the past years for lacking proper financial regulatory registrations and scamming its retail users.
Currently another huge issue for Revolut is the fact that they lied to their customers regarding owning their cryptocurrency hot wallets.
There is proper proven evidence that this is not the case and their crypto hot wallets are owned by a 3rd party.
Revolut will be investigated worldwide by government regulatory financial services.
Trade responsibly.
Bearish.
Softbank Japan has had many capital ventures that have been proven toxic and with low return over the years, their biggest scandal being the way they handled the WeWork scandal and bankruptcy.
Currently they have another huge liability and that is the Revolut LTD company which they own a share in their private IPO.
Revolut has been in the news the past years for lacking proper financial regulatory registrations and scamming its retail users.
Currently another huge issue for Revolut is the fact that they lied to their customers regarding owning their cryptocurrency hot wallets.
There is proper proven evidence that this is not the case and their crypto hot wallets are owned by a 3rd party.
Revolut will be investigated worldwide by government regulatory financial services.
Trade responsibly.
Bearish.