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SoftBank’s profits nosedived 99% last quarter. Here’s why its stock went up 12%.

The Japanese tech giant suffered from its bets on Uber and WeWork, but investors cared more about a judge approving the Sprint and T-Mobile merger.

SoftBank is reportedly under fire from investors after its WeWork debacle

Shareholders slammed CEO Masa Son over Vision Fund losses and the group's plan to lend billions to executives to finance its second Vision Fund.
Masayoshi Son

SoftBank CEO Masayoshi Son told WeWork executives he wants the company to turn a profit by 2021

Masayoshi Son told WeWork executives to look for new sources of revenue as SoftBank attempts to rescue the company.

SoftBank has taken serious heat for its WeWork and Uber losses — but one Wall Street analyst says the company will recover from here

The Japanese telecommunications company reported a $6.5 billion operating loss for the recent quarter.
SoftBank CEO Masayoshi Son

SoftBank’s latest valuation of WeWork is lower than previously thought — at under $5 billion

The managers of SoftBank's $100 billion Vision Fund slashed their pre-bailout valuation of WeWork by 83% in the space of three months.
Masayoshi Son is the founder and CEO of Japanese holding company SoftBank.

Meet Masayoshi Son, the Japanese billionaire with a $14 billion personal fortune whose SoftBank mega-fund lost more than $4.7 billion investing in WeW...

Masayoshi Son is the founder and CEO of Japanese holding company SoftBank, which invests millions in some of Silicon Valley's biggest tech companies.
SoftBank CEO Masayoshi Son

‘I shut my eyes,’ SoftBank CEO Masayoshi Son says after losing more than $4.7 billion on WeWork

SoftBank on Wednesday said it slashed WeWork's valuation to just $7.8 billion, a fraction of its $47 billion valuation in January.

WSJ: SoftBank, WeWork’s largest investor, takes control of the embattled office company, with cofounder Adam Neumann stepping down

SoftBank will give Adam Neumann $1.7 billion, The Wall Street Journal said. He'll get a $185 million consulting fee and will step down from the board.
Adam Neumann, CEO of WeWork.

WeWork is reportedly leaning toward delaying its IPO

WeWork is expected to delay its planned public offering until at least October. Previously, it was expected to complete it by the end of this month.
SoftBank CEO Masayoshi Son

The biggest backers of SoftBank’s $100 billion Vision Fund are reportedly reconsidering their investments in the second one after Uber and WeWor...

Saudi Arabia's Public Investment Fund and Abu Dhabi's Mubadala Investment poured $60 billion combined into SoftBank's first Vision Fund.