SoftBank’s Son Faces Shareholders Shaken by $34 Billion Loss

SoftBank’s Son Faces Shareholders Shaken by $34 Billion Loss

(Bloomberg) — SoftBank Group Corp. founder Masayoshi Son is used to praise and encouragement from shareholders. But the company’s loss of $34 billion in market value over the last year is a test for even his most faithful admirers when they gather for the annual shareholders’ meeting on Friday.

Most Read from Bloomberg

Investors stuck by Son when SoftBank announced a holding company strategy in 2015 to hive out its staid but profitable domestic telecom business to become the world’s…


Source link

About search

Check Also

Lucid stock down on Q1 loss, confirms Gravity SUV on track for 'late 2024' launch – Yahoo Finance

Lucid stock down on Q1 loss, confirms Gravity SUV on track for 'late 2024' launch – Yahoo Finance

[unable to retrieve full-text content]Lucid stock down on Q1 loss, confirms Gravity SUV on track …

Leave a Reply

Your email address will not be published. Required fields are marked *