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2 mins read
SoftBank CFO's pay fell nearly 40% after the company's VC fund lost $26.2 billion, a report says
The 100 million yen paycheck for SoftBank's founder and CEO Masayoshi Son stayed roughly the same b…
Rosie Bradbury
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 returns to profit after 3 quarters of brutal losses — but says revealing actual operating profit 'not useful for investors'
The company made allusions to Samurai warriors and announced it was now in "defense mode," meaning …
Graham Rapier
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…
Shalini Nagarajan
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 …
1 min read
Jack Ma is stepping down from the board just as Softbank announced a record $13 billion loss
Ma is stepping down after 13 years on SoftBank's board of directors.
Isobel Asher Hamilton
2 mins read
Former WeWork CEO Adam Neumann reportedly hosted a 9 a.m. party for employees to celebrate the company going public
Neumann, who resigned as CEO in 2019, has a roughly 10% stake in the company.
Francis Agustin
2 mins read
SoftBank's $10 billion gain on the DoorDash IPO will offset the fund's WeWork 'disaster,' says a stock analyst
"Suddenly Masa goes from losing to being hero very quickly," David Gibson of Astris Advisory Japan …
Emily Graffeo
2 mins read
SoftBank's Vision Fund posted a record $8 billion profit in the third quarter as its bets on DoorDash and Uber paid off
Booming markets - particularly for tech - helped SoftBank's Vision Fund bring in record 3rd-quarter…
Harry Robertson
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
4 mins read
Swiggy reports nearly three-fold increase in annual revenue, in neck and neck race with Zomato
Revenue of food delivery giant Swiggy has grown 2.8 times in the last one year, between June 2020 a…
2 mins read
Warren Buffett's Berkshire Hathaway could bag a 60% profit when Paytm goes public
The billionaire investor's company plans to sell at least some of its 2.8% stake in Paytm when the …
Theron Mohamed
4 mins read
‘Iron Man’ Vijay Shekhar Sharma put his own money on the line to launch Paytm — and ten years later the company is ready to go public
Vijay Shekhar Sharma is not a man to be trifled with and he’s proven that time and again with the s…
2 mins read
SoftBank will unwind the 'Nasdaq whale' options trades that cost the firm nearly $3 billion, report says
Investors and employees have questioned the firm's risky trades and called for a return to more dis…
Ben Winck
1 min read
Digital payment firm Paytm gets a green signal from company's board to raise ₹22,000 crore via initial public offer
"The board of directors of Paytm has given in-principle approval for the mega IPO planned to …
PTI
2 mins read
SoftBank executives set to lose hundreds of millions on complex Wirecard trade inspired by Warren Buffett
Wirecard's share price has tanked 80% in the last few days, likely erasing gains that a small group…
Carmen Reinicke
2 mins read
Softbank's Vision Fund could go public in a $300 million SPAC deal, report says
Softbank's Vision Fund is the world's largest tech venture capital firm and could list on the Amste…
Sophie Kiderlin
2 mins read
SoftBank Vision Fund 2 fails to raise new funds — Masayoshi Son says the company will now use its own money for investments
“The performance of Softbank Vision Fund 1 is not that great, therefore we decided to invest our…
2 mins read
Top 10 scary quotes from Masayoshi Son during the SoftBank earnings call
Despite his best attempt to put up a brave front, a lot of what Son said about the future of Sof…