meta_pixel
Tapesearch Logo
Log in
Let's Know Things

The We Company

Let's Know Things

Colin Wright

News Commentary, News

4.8593 Ratings

🗓️ 27 August 2019

⏱️ 37 minutes

🧾️ Download transcript

Summary

This week we talk about SoftBank, WeWork, and S-1 filings.


We also discuss Masayoshi Son, Adam Neumann, and initial public offerings.



This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

Transcript

Click on a timestamp to play from that location

0:00.0

SoftBank Group Corporation is a sprawling, massively influential holding company that started and still has its headquarters

0:24.0

in Japan, but which today has influence around the world. SoftBank was started in the 1980s as an

0:32.1

electronics store, more specifically a computer parts store, selling hardware and software in the early years of the personal computer,

0:41.0

from within the then central hub of electronic component manufacturing, Tokyo Japan.

0:48.1

SoftBank got into publishing when it began producing magazines about personal computers in the early to mid-1980s,

0:55.8

and by the mid-90s, they'd gotten big enough to both go public, becoming a publicly traded

1:01.8

company on the Japanese stock market, and to purchase a United States-based publishing

1:06.8

company called Zip Davis Publishing for $2.1 billion. Zip Davis was the world's largest publisher

1:14.9

of computer magazines at the time, and SoftBank was the largest publisher of computer magazines,

1:20.7

and, importantly, the largest operator of computer trade shows in Japan at the time.

1:26.9

So this purchase made them immensely influential

1:29.7

with the personal computer world at a fortuitous time to be influential in that space. But it also

1:36.0

made them quite wealthy. All that ad space in those magazines meant they controlled 46% of the

1:41.7

$1.7 billion market for computer-related advertising in the United States at the time,

1:47.3

alongside the profits from all those trade shows, which became more popular and well-funded

1:52.7

every year. In the years following that acquisition, SoftBank acquired through Ziff Davis,

1:59.5

other publishing adjacent properties, like Black Friday.com,

2:03.1

mashable, geek.com, humble bundle, speedtest.net, the IGN network, which includes askmen.com,

2:11.2

and tech bargains.com, a fairly large number of well-trafficked sites, all of which, again,

2:16.5

add their overall advertising placement

2:18.7

opportunities and media-related supplementary income streams to that larger network, which in turn

2:25.2

adds to the size of SoftBanks' bank account. Ziff Davis, though an all-around successful

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Colin Wright, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Colin Wright and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.