Wag was looking to raise 75 million?” SoftBank was like “no haha we’ll give you 225 million (“well below” the valuation at which it invested). Wag got the $75 million it needed for free.
So under the right circumstances, you can make more money with a flop than you can with a hit!
Wag wasn’t exactly a flop, but SoftBank’s aggressive investment strategy does result in some pretty unusual situations.