SoftBank’s $375 Million Bet on Pizza Went Really Bad Really Fast

SoftBank’s $375 Million Bet on Pizza Went Really Bad Really Fast

4/24/2020

link

https://www.bloomberg.com/news/articles/2020-02-13/inside-the-firings-at-softbank-s-robot-pizza-startup

summary

This article delves into the recent firings at SoftBank's robot pizza startup, Zume. It provides an insider perspective on the events that led to the company's decision to lay off a significant portion of its workforce. The article highlights the challenges faced by Zume, including issues with its robot pizza-making technology and the difficulties of scaling the business. It also discusses the role of SoftBank, the major investor in Zume, and its influence on the company's strategy. Overall, the article provides insights into the inner workings and struggles of Zume as it navigates the competitive world of food delivery.

tags

softbank ꞏ robot pizza ꞏ technology startups ꞏ business news ꞏ layoffs ꞏ company culture ꞏ business management ꞏ entrepreneurship ꞏ venture capital ꞏ corporate scandals ꞏ technology industry ꞏ food delivery ꞏ automation ꞏ robotics ꞏ artificial intelligence ꞏ startups ꞏ business failures ꞏ corporate governance ꞏ corporate strategy ꞏ financial news ꞏ investment ꞏ company acquisitions ꞏ business innovation ꞏ technology investments ꞏ venture capitalists ꞏ business ethics ꞏ corporate restructuring ꞏ corporate leadership ꞏ corporate finance ꞏ entrepreneurial culture ꞏ corporate development ꞏ business operations ꞏ business models ꞏ business analysis ꞏ corporate success ꞏ business growth ꞏ corporate decision-making ꞏ corporate culture ꞏ technology trends ꞏ business disruptions ꞏ emerging technologies