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SoftBank Group: surprise net loss, equivalent to 5.5 billion euros in the 3rd quarter

2023-02-07T06:38:12.677Z


The Japanese SoftBank Group has invested heavily in the global tech sector. Japan's SoftBank Group on Tuesday announced a colossal net loss of 783 billion yen (5.5 billion euros) in its third quarter of 2022/23, against the backdrop of the continuing slump in the global tech sector in which it has invested heavily. . Read alsoWhy the Rothschilds withdraw their bank from the stock market Its Vision Fund 1 and 2 investment funds alone suffered a loss of 660 billion yen in


Japan's SoftBank Group on Tuesday announced a colossal net loss of 783 billion yen (5.5 billion euros) in its third quarter of 2022/23, against the backdrop of the continuing slump in the global tech sector in which it has invested heavily. .

Read alsoWhy the Rothschilds withdraw their bank from the stock market

Its Vision Fund 1 and 2 investment funds alone suffered a loss of 660 billion yen in the October-December period, according to a statement.

This is a fourth quarter in a row in the red for this segment.

Source: lefigaro

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