News Discussion20mo
by MagicalHamsterInvestment Associate
Softbank reports $4.2Bn in losses in 6 months
Q2 22 was $20Bn in profits in contrast. The giant keeps slipping. This is unfortunate because it’ll continue to impact growth funding
CosmicTaco
SoftBank's Surprising $2.4B Loss Raises Funding Questions
- SoftBank Group reported a net loss of ¥369.2 billion ($2.4 billion) in Q3 due to valuation drops in its Vision Fund investments.
- Cash reserves fell to ¥4.7 trillion ($30.6 billion), raising concerns about funding a potential $40 billion investment in OpenAI.
- The Vision Fund unit posted a ¥352.7 billion loss, breaking a two-quarter profit streak.
Source: Channel Newsasia, Channel Newsasia
5mo ago
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