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Japan's SoftBank logs $5.9B loss as tech investments tumble

Por: ABC News Business February 07, 2023

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TOKYO -- Japanese investor SoftBank Group reported Tuesday that it sank into a deep loss for the October-December quarter, slammed by the global plunge in technology shares. SoftBank Group Corp. racked up a 783 billion yen ($5.9 billion) loss for the fiscal third quarter, a reversal from the 29 billion yen profit recorded the same period a year ago. SoftBank invests in hundreds of companies, including mobile carrier SoftBank, web services... + full article



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