News Formal

SoftBank Vision Fund Posts Record $27 Billion Loss as Tech Stocks Plummet

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

SoftBank Founder Masayoshi Son said the company would be more “conservative when it comes to the pace of new investments” as it goes into a “defense” position.

SoftBank's Vision Fund posted a 3.5 trillion yen loss , the biggest loss since the investment fund began in 2017.

SoftBank Founder Masayoshi Son said the company would be more"conservative when it comes to the pace of new investments" as it goes into a"defense" position.on Thursday reported a record loss at its Vision Fund investment unit, as technology stocks have been hammered by rising interest rates and Beijing's regulatory crackdown has hurt its China holdings.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 545. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peloton Shares Plummet After Company Posts Huge Loss and Offers Weak GuidancePeloton reported a wider-than-expected quarterly loss and a steep decline in sales, as inventories piled up in warehouses and ate away at the company’s cash.
Source: NBCDFW - 🏆 288. / 63 Read more »

Stocks Making the Biggest Moves After Hours: Disney, Bumble, Rivian and MoreThese are the stocks posting the largest moves in extended trading.
Source: NBCDFW - 🏆 288. / 63 Read more »