Japanese tech investor SoftBank hit by huge quarterly loss
by Jasper Jolly from on (#4TQX3)
Company run by Masayoshi Son sees valuations of US firms WeWork and Uber plunge
SoftBank Group, the Japanese tech investor, has slumped to a huge quarterly loss after the valuations of US companies WeWork and Uber plunged.
The company, run by billionaire investor Masayoshi Son, made an operating loss of 704bn yen (5bn) in the three months to the end of September, in results published on Wednesday.
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