https://techcrunch.com/2023/02/06/softbank-loses-nearly-6-billion-in-a-quarter-as-downturn-continues/ SoftBank Group’s investment vehicles posted a loss of nearly $6 billion in the quarter that ended in December as the Japanese tech investor continues to bleed through the market downturn and significantly pares back new backings. This is the …
by silvertomars Vision Fund, which upended the world of venture capital with splashy bets on startups such as ridehailers Uber and Didi, posted a $23.1 billion loss in the April-June quarter as value evaporated from its investments in the market …
SoftBank posted one of its biggest losses at its Vision Fund investment unit for its fiscal first quarter, as technology stocks continue to get hammered amid rising interest rates. The Japanese giant’s Vision Fund posted a 2.93 trillion Japanese yen …
SoftBank has closed most of its positions in the internal hedge fund SB Northstar following losses of between $6 billion and $7 billion from the so-called ‘Nasdaq whale’ trades, the Financial Times reports, citing an unidentified person familiar with the …
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 …
Billionaire Masayoshi Son reportedly made a massive bet on bitcoin near the peak of the digital currency’s frenze in 2017. The founder of Japanese conglomerate SoftBank personally lost over $130 million when he sold his position, the Wall Street Journal reported on …
https://www.economist.com/business/2018/12/22/masayoshi-son-floats-part-of-softbank-to-help-pay-for-his-huge-tech-bets Mention Softbank and most Japanese people, understandably, think of telecoms—it is Japan’s third-largest wireless carrier. The company hopes to weaken that association. SoftBank is listing its telecoms arm; shares in the unit were due to begin trading on December …
http://archive.is/YPSte Interesting read here from WSJ. What this could mean is the future google, facebooks, or amazons of the world never go public because they can always get the funding they need from softbank and their super rich investment clients. …
Latest Driverless Electric Radio… h/t Matrix
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Two often-cited suspects are axed. So where’s the “secured” funding supposed to come from? The whole scheme kicked off when Tesla CEO Elon Musk tweeted during trading hours that he was “considering” taking Tesla private, “Funding secured,” which …