Tag: SoftBank reports record $27.5 billion loss on plummeting tech stocks – CNN

  • SoftBank reports record $27.5 billion loss on plummeting tech stocks

    The world’s biggest tech investor said on Thursday that its Vision Funds posted a loss of 3.5 trillion yen ($27.5 billion) in the fiscal year ending March. It was a significant reversal in the unit’s performance from last year, when it posted a healthy profit. During an earnings presentation in Tokyo, CEO Masayoshi Son acknowledged […]