SoftBank Group Posts $5.22 Billion Quarterly Loss, Fourth Consecutive in the Red, Vision Fund Suffers Losses, WeWork's Bankruptcy Impact
Nov 9, 2023, 06:12 PM
SoftBank Group reported a quarterly loss of 789 billion yen ($5.22 billion), its fourth consecutive quarter in the red, as investment losses offset gains from Arm's IPO. The Vision Fund also posted losses, with WeWork's bankruptcy contributing to the financial downturn.
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