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

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