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SoftBank suffers $5.2 billion loss from WeWork bankruptcy
SoftBank Group announced a quarterly loss of $5.2 billion on Thursday, marking its fourth consecutive quarter in the negative. The Japanese conglomerate took a hit due to the fallout from the bankruptcy of WeWork, once one of its highest-flying investments.
The post SoftBank suffers $5.2 billion loss from WeWork bankruptcy first appeared on TechStartups.
SoftBank Group announced a quarterly loss of $5.2 billion on Thursday, marking its fourth consecutive quarter in the negative. The Japanese conglomerate took a hit due to the fallout from the bankruptcy of WeWork, once one of its highest-flying investments. […]
The post SoftBank suffers $5.2 billion loss from WeWork bankruptcy first appeared on TechStartups.