The SEC confirms it is investigating SoftBank for market manipulation. Softbank spent $17B worth of shares in the US tech market, with another $3.4B in bets to prop up their prices.
https://news.bloomberglaw.com/tech-and-telecom-law/softbank-says-unaware-of-sec-probe-into-securities-trading On Wednesday, short seller research site PlainSite posted a letter from the Securities and Exchange Commission on Twitter revealing that the agency is investigating SoftBank, the Japanese telecommunications company and investing giant notorious for financing various unprofitable “technology” companies like WeWork, Uber, Compass, and Oyo. Aaron Greenspan, founder of the Think Computer Foundation that … Read more