The pandemic moved the coordinates and we no longer know where the future lies. While the left rethinks the State, the markets take the hit of the century and are heading for a new resurrection. A man personifies that drive of capitalism to reinvent itself and self-destruct in the attempt. The dot-com bubble blew up in his face, but he bounced back to form the world's largest venture capital fund, the money behind WeWork, Uber and Rappi. The Japanese Masayoshi Son is a Schumpeterian fundamentalist stubborn in breaking markets just to innovate, a man of his time for whom stability is conservative.
The capitalist bubble seller Who is he and what does Masayoshi Son personify? As paranoids sighed that they made it out of Y2K unscathed, Masayoshi Son stood in front of the mirror and saw the richest man in the world. In February 2000, the Whatsapp Mobile Number List his company, SoftBank, had allowed him, according to his calculations, to raise his fortune above that of Bill Gates, the undisputed leader of the moment. And for that, not even the pandemic is going to stop him from continuing to sell the future.
But it lasted just three days at the top. The fall was brutal. In a matter of months, his company lost 93% of its price and his personal fortune, valued at 70,000 million dollars, suffered one of the biggest implosions of the famous dot-com bubble. Among his lush portfolio was Kozmo , an online delivery startup .that once employed 3,300 people and that delivered pizzas, Madonna CDs, GAP sweatshirts and Starbucks lattes without charging a dime for the service. The idea was to first scale (on its debt), then build loyalty and only then be profitable. In April 2001 the last blind came down.