Dan Primack: belief

Transcript context

…Social network for members. All that stuff, eventually preschool or elementary school. Nonetheless, that’s the idea. I think that’s part of it but it’s also if you’re Masa, SoftBank looks at what they believe are transformational shift in how people either live or work. They invest in Slack, for example. They think that’s a fundamental change in how people work from collaboration. In this case, they think this is a fundamental change in how people work from a physical location standpoint. This works for that from a thematics standpoint. Thematically, but economically, this doesn’t have the high fixed cost, low variable cost component that a true, pure technology business would have.…

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