After meeting with SoftBank founder and CEO Masayoshi Son at the Trump Tower in New York, Donald Trump announced yesterday that SoftBank, a Japanese tech company, would be investing $50 Billion in the United States; thus, introducing 50,000 new jobs.
Ouch!
This has got to be a big poke in the eye to the outgoing Obama Administration and Democratic Party officials and operatives who doubted Trump could "bring home the bacon."
President-elect Trump made the announcement at the Trump Tower lobby and praised Masayoshi as one of the best in the industry.
SoftBank also owns 80 percent of Sprint and Sprint shares have jumped up by 2% since the announcement.
Tomoaki Kawasaki, an analyst, commented to Bloomberg that "there is a chance that the incoming administration will have a different approach to telecom regulations. Son has said before that Sprint needs T-mobile to compete with the top-two operators in the U.S. market."
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