Nicolas Giannakopoulos. Photo illustration: Axios Visuals. Images via YouTube.

A man involved in an alleged smear campaign to oust two top SoftBank executives has ties to Cambridge Analytica, Axios has discovered.

Why it matters: Digital distribution of misinformation can be as much of a problem for business as it is for politics.


SoftBank executives Nikesh Arora and Alok Sama came under reputational attack beginning in 2015, via a series of anonymous public letters, complaints to U.S. and Indian regulators and purported leaks of personal financial information. SoftBank would eventually clear both men and call the saga an act of "sabotage," but all of it helped lead to Arora resigning and Sama being prevented from taking a key role with the $100 billion Vision Fund.

SoftBank never discovered the culprit, but the WSJ reported Monday that a key figure was Italian investor Alessandro Benedetti (who denies having had any involvement). WSJ does not explicitly lay out a motive, but implies that it could have been a power play to help SoftBank's Rajeev Misra, who later became head of Vision Fund and has since gained even more internal responsibilities. Misra isn't commenting publicly, but has privately told people he's being set up.

The connection

Also mentioned in the WSJ story is Nicolas Giannakopoulos, a Swiss and Greek citizen who is the only non-attorney already known to have been part of the shareholder campaign, because he had emailed some of the public letters to both journalists and members of the SoftBank board.

What's not noted by WSJ or earlier SoftBank reporting, however, is that Giannakopoulos has established ties to Cambridge Analytica and its parent company SCL Group.

From a 2017 Fast Company article:

Until recently, one of his stable of Swiss companies shared an address and phone number with SCL’s Geneva office... Asked about his activities for SCL in Switzerland by Sarawak Report, Giannakopoulos claims to being “their partner for a long time.” But, he said, “the truth is that I have not done anything yet!”

[Note: Sarawak Report is an investigative journalism site credited with uncovering major political corruption in Malaysia, and Giannakopoulos is a regular character in its reporting, including stories about SCL.]

Bottom line

Cambridge Analytica's (now former) CEO was recently caught on tape, bragging about his firm's ability to digitally disseminate misinformation to impact political elections. There is no evidence that it or SCL were involved in the SoftBank situation, but it's hard not to think about how digital espionage in the political sphere could be applied to the corporate sphere. And Nicolas Giannakopoulos has ties to both.

Go deeper

Transcripts show George Floyd told police "I can't breathe" over 20 times

Photo: Gary Coronado/Los Angeles Times via Getty Images

Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.

Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 6 p.m. ET: 11,921,616 — Total deaths: 546,318 — Total recoveries — 6,506,408Map.
  2. U.S.: Total confirmed cases as of 6 p.m. ET: 3,035,231 — Total deaths: 132,042 — Total recoveries: 936,476 — Total tested: 36,878,106Map.
  3. Public health: Deaths are rising in hotspots — Déjà vu sets in as testing issues rise and PPE dwindles.
  4. Travel: United warns employees it may furlough 45% of U.S. workforce How the pandemic changed mobility habits, by state.
  5. Education: New York City schools will not fully reopen in fallHarvard and MIT sue Trump administration over rule barring foreign students from online classes.
  6. 🎧 Podcast: A misinformation "infodemic" is here.
2 hours ago - Health

Fighting the coronavirus infodemic

Illustration: Sarah Grillo/Axios

An "infodemic" of misinformation and disinformation has helped cripple the response to the novel coronavirus.

Why it matters: High-powered social media accelerates the spread of lies and political polarization that motivates people to believe them. Unless the public health sphere can effectively counter misinformation, not even an effective vaccine may be enough to end the pandemic.