YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

SoftBank posts first quarterly operating loss in 14 years

Posted online

SoftBank Group Corp. reported its first quarterly operating loss in 14 years.

The operating loss of roughly $6.5 billion was largely due to a $4.6 billion writedown of its investment in WeWork.

Officials also cited losses from the Japanese company's investment in Uber.

Read more from Bloomberg.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: The Quilted Cow

A franchise store of a Branson West-based quilting business made its Queen City debut; Grateful Vase launched in Lebanon; and Branson entertainment venue The Social Birdy had its grand opening.

Most Read
SBJ.net Poll
Update cookies preferences