Published 2 years ago

SoftBank posts a $21.6 billion quarterly loss on its Vision Fund, one of the highest in its history

Summary by Ground News

SoftBank Group Corp. posted a $23.4 billion loss in the April-June quarter. The company warned that global uncertainty as well as inflation and soaring energy costs would likely hurt its profitability. For the fiscal year that ended in March, Softbank racked up losses of 1.7 trillion yen.

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Times of India

SoftBank posts $17 billion Vision Fund loss in first quarter

Plunging initial public offering volumes and market scepticism towards money-losing startups have squeezed an important source of capital for SoftBank, which hopes to list chip designer Arm following the collapse of a sale to Nvidia.

2 years ago·India

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Reuters

SoftBank plans Vision Fund job cuts after record net loss

SoftBank Group Corp is planning to cut headcount at its flagship Vision Fund investing arm, CEO Masayoshi Son said on Monday, after a crash in the value of its portfolio pushed his conglomerate to a record quarterly net loss.

2 years ago·United Kingdom

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Associated Press News

Japan tech giant SoftBank posts $23 billion quarterly loss

Japanese technology company SoftBank Group posted a $23 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank

2 years ago·United States

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abc News

Japan tech giant SoftBank posts $23 billion quarterly loss

Japanese technology company SoftBank Group posted a $23 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates

2 years ago·United States

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CNN

SoftBank posts record $23 billion loss on Vision Fund pain

SoftBank unveiled a $23 billion quarterly net loss on Monday, its biggest ever, as a market sell-off upended tech stocks and shredded valuations at its sprawling Vision Fund unit.

2 years ago·Atlanta, United States

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The Star Kuala Lumpur

SoftBank posts record $23 billion net loss on Vision Fund pain

TOKYO (Reuters) -SoftBank Group Corp unveiled a $23 billion quarterly net loss on Monday, its biggest ever, as a market sell-off upended tech stocks and shredded valuations at its sprawling Vision Fund unit.

2 years ago·Malaysia

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