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1 min read
SoftBank Group reports massive $5.9 billion net loss amid global tech meltdown
There is no respite for SoftBank Group in the ongoing global tech meltdown as the Japanese investme…
1 min read
SoftBank has lost more than $14 billion by betting on WeWork
The Japanese firm, which made a huge bet on WeWork, revealed the losses in the same week that the r…
Hasan Chowdhury
3 mins read
SoftBank CEO Masayoshi Son racked up a $3.7 billion loss trading daily moves in tech stocks — and the risky investments are concerning the company's 2nd-biggest shareholder
The hedge fund Elliott Management advised SoftBank executives as the company rebounded from a sprin…
Ben Winck
6 mins read
Not just small investors, even Alibaba-owned ANT Group and Softbank have lost money on Paytm
All the retail investors who lost money on Paytm’s public issue, it may bring you some solace that …
2 mins read
Softbank's $9 billion net loss last year has a lot to do with Uber and WeWork
The Softbank Vision Fund had $75 billion invested in 88 startups but they were worth 7% less in…
1 min read
SoftBank expects a $16.5 billion loss for its Vision Fund as its investments see dismal performance
The record loss for FY 20 is because of ‘the deteriorating performance of its tech bets’. Mea…
2 mins read
SoftBank piles $3.9 billion into surging market giants including Tesla, Netflix, and Amazon
SoftBank opened a $1.04 billion stake in Amazon, a $475 million position in Alphabet, and a $189 mi…
Ben Winck
2 mins read
SoftBank's founder compared himself to Jesus and Yoda. His tech fund lost a record $32 billion this year.
SoftBank was once described as a "spaceship." Economic turmoil has brought it crashing to Earth.
Hasan Chowdhury
2 mins read
Credit Suisse is reportedly weighing the replacement of high-profile executives, including its risk chief, following Greensill and Archegos crises
The recent Greensill and Archegos crises have left Credit Suisse under greater scrutiny, putting tw…
Theo Golden
1 min read
We spoke to 12 SoftBank insiders about how the $100 billion Vision Fund lost its way
The collapse of WeWork's IPO, the sale of SoftBank's investment in dog-walking site Wag at a loss, …
Dakin Campbell
2 mins read
Paytm’s losses increased exponentially in FY18 thanks to advertising, personnel costs
The company seems to be looking at a broader aspect of growth since it has launched a mobi…
2 mins read
'Nasdaq whale' SoftBank is said to have scored a $4 billion gain by betting big on tech stocks
The tech conglomerate bought about $4 billion of options that exposed it to $30 billion of assets, …
Theron Mohamed
1 min read
SoftBank's billionaire CEO, who believes AI will completely change the way humans live within 30 years, says he can't stop using ChatGPT
Masayoshi Son said he talked to ChatGPT daily as the Japanese conglomerate battles to get ahead in …
Hasan Chowdhury
2 mins read
WeWork's ex-CEO Adam Neumann reportedly plans to sue SoftBank for reneging on its $3 billion share deal
SoftBank abandoned the share deal in early April, claiming it'd be "irresponsible."
Charlie Wood
2 mins read
Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app
China's recent crackdown on ride-hailing app Didi has reportedly cost SoftBank, its largest shareho…