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Travis Kalanick has quietly built a $5B company with money from Saudi Arabia's PIF. This is the first known check written to a Silicon Valley company since Khashoggi's murder. https://t.co/BIy7eO52UD
— Sally Shin (@sallyshin) November 7, 2019
Btw, we also found CloudKitchens’s “secret” SF location. It’s at 60 Morris St., in SoMa. Here’s some photos: pic.twitter.com/UELUR40sl8
— Rolfe Winkler (@RolfeWinkler) November 7, 2019
A “ghost kitchen” is also what they call the room where Saudi Crown Prince MBS and his henchmen take political opponents to butcher them. https://t.co/tXVAkvUPWC
— Mike Dudas (@mdudas) November 7, 2019
So the Saudi investment fund led a $7.3 billion round into the Kalanick-led Uber in 2016.
— Shira Ovide (@ShiraOvide) November 7, 2019
Those shares are now valued at $4.1 billion. https://t.co/Wl6IZie3Eg
You can't stop the bromance between Travis Kalanick and the Saudi investment find, apparently.
— Shira Ovide (@ShiraOvide) November 7, 2019
(Even though the PIF is deeply underwater from the last bet on Kalanick at Uber.) https://t.co/odqIhnTyQt
Imagine you saw this even in 2012-2013 your mind would be so blown you would think you had been beamed into an alternate prime universe https://t.co/yUKDZanbfn
— Jason ✨?✨ Lemkin ? (@jasonlk) November 7, 2019
Recall Travis is close to Saudi Public Investment Fund Governor Yasir Al-Rumayyan, who gave him billions plus 3 board seats at Uber.
— Rolfe Winkler (@RolfeWinkler) November 7, 2019
WeWork: A real-estate firm, led by a controversial CEO, masquerading as a tech startup. It was wildly overvalued.
— Jack Nicas (@jacknicas) November 7, 2019
CloudKitchens: A network of takeout restaurants, led by a controversial CEO, masquerading as a tech startup. It was... https://t.co/CYCRY1kOqK
CloudKitchens runs its own restaurant concepts out of these spaces too. Including "Egg The F* Out," "F#ck Gluten," "Excuse My French Toast," and (personal favorite) "B*tch Don't Grill My Cheese"
— Rolfe Winkler (@RolfeWinkler) November 7, 2019
People are talking shit about this, but personally I salute Travis Kalanick for finding a way to convert Saudi oil revenue into heavily subsidized grilled cheese sandwiches for every American https://t.co/RnipjFuEqu
— Tom Gara (@tomgara) November 7, 2019
what could go wrong? https://t.co/OTA2yzjaZu
— Ari Levy (@levynews) November 7, 2019
The shocking part of this to me was that investment came back in January, just a few months after Khashoggi was murdered by the Saudis. https://t.co/VdO1ve4Bg3
— Tim Stenovec (@timsteno) November 7, 2019
The first known US startup CEO funded directly by Saudi Arabia since Khashoggi: Travis Kalanick
— Eliot Brown (@eliotwb) November 7, 2019
$400 M investment in his food delivery kitchen startup from
Saudi Public Investment Fund.
Scoop from @rorywsj / @RolfeWinkler https://t.co/dRzqidDsfZ
Scoop: @TravisK secretly raised $400 million direct from Saudi Arabia to fund his new venture CloudKitchens back in January, at roughly $5 billion valuation (w/ @RoryWSJ)https://t.co/qXqksaH1P7
— Rolfe Winkler (@RolfeWinkler) November 7, 2019
No, reallyhttps://t.co/W7YyzUeRXL https://t.co/O7NfSqwoUW
— Rolfe Winkler (@RolfeWinkler) November 7, 2019
Scoop: @TravisK secretly raised $400 million direct from Saudi Arabia to fund his new venture CloudKitchens back in January, at roughly $5 billion valuation (w/ @RoryWSJ)https://t.co/qXqksaH1P7
— Rolfe Winkler (@RolfeWinkler) November 7, 2019
사우디의 국부펀드가 우버창업자 트레비스 캘러닉이 만든 공유주방 스타트업 클라우드키친에 지난 1월에 4억불을 투자했다는 WSJ기사 https://t.co/NOGVHDAf6J 밸류에이션은 5B. 그외에 투자된 3억불은 트레비스의 개인 돈이라고. 사우디는 그에게 대단한 신뢰를 보내는 셈. pic.twitter.com/cuJloZ27gE
— 에스티마 (@estima7) November 7, 2019
Speaking of WeWork co-founder Adam Neumann, SoftBank CEO Masayoshi Son said, “I shut my eyes to a lot of his negative aspects.” https://t.co/JgTWcpw8hd
— Bojan Tunguz (@tunguz) November 6, 2019
SoftBank #SFTBF reported operating losses of $6.5 billion@SoftBank_Group Chairman & CEO Masayoshi Son previously bragged about raising $45 billion in 45 minutes from #Saudi ?? Crown Prince #MBS
— Saad (@SaadAbedine) November 7, 2019
Arab dictators keep getting dumberhttps://t.co/7pwRZ3vr0Nhttps://t.co/siXO44qNti
A moment of regret for Softbank’s normally confident leader Masayoshi Son:
— Scott Austin (@ScottMAustin) November 6, 2019
“My own investment judgment was really bad. I regret it in many ways.”
About WeWork and Adam Neumann: “I shut my eyes to a lot of his negative aspects.” https://t.co/DXMY4tMj61
don’t beat yourself up x https://t.co/eP61vkpLgI pic.twitter.com/4QQ2w9ix62
— Hannah Jane Parkinson (@ladyhaja) November 6, 2019
SoftBank takes $4.7 Billion WeWork Loss... But this doesn't include another $10b loss at the Vision fund! https://t.co/QEpWVm4rbM
— Jeff Glueck (@JeffGlueck) November 6, 2019
“My own investment judgment was really bad. I regret it in many ways" https://t.co/n6RBNllVsL
— kif (@kifleswing) November 6, 2019
SoftBank Founder Calls His Judgment ‘Bad’ After $4.7 Billion WeWork Loss https://t.co/1Hfo1luF4x
— Herbert Reed (@Herbert_L_Reed) November 6, 2019
Speaking of WeWork co-founder Adam Neumann, SoftBank CEO Masayoshi Son said, “I shut my eyes to a lot of his negative aspects.” https://t.co/YepOywUTL1
— WSJ Venture Capital (@WSJVC) November 6, 2019
“Red ink of the deepest red” at SoftBank, which posts $6.4bn loss. On WeWork, CEO says his “judgment was really bad.” https://t.co/jLtadsR49B
— Liz Hoffman (@lizrhoffman) November 6, 2019
Masa Son is always refreshingly honest. 1/
— Ryan Knutson (@Ryan_Knutson) November 6, 2019
On WeWork investment: “My own investment judgment was really bad. I regret it in many ways.”
On WeWork CEO: “I shut my eyes to a lot of his negative aspects.”
https://t.co/7MWXpKG0bO
SoftBank Founder Calls His Judgment ‘Really Bad’ After $4.7 Billion WeWork Loss https://t.co/K4RKsNZOnk
— Charles Gasparino (@CGasparino) November 6, 2019
SoftBank Founder Calls His Judgment ‘Really Bad’ After $4.7 Billion WeWork Loss https://t.co/AHrj2PdPVS
— WPWAM (@WillauerProsky) November 6, 2019
SoftBank books loss of $4.7 billion on WeWork investment, before factoring in its bailout of the office-sharing company. https://t.co/RcvHpjZIWq
— MinZengWSJ (@minzengwsj) November 6, 2019