JAPAN’S SOFTBANK TUMBLES INTO LOSSES OVER COSTLY INVESTMENTS
Japanese technology company SoftBank Group Corp. tumbled into losses in the last quarter as its earnings were hammered by money-losing investments, including a bailout for office-space sharing startup WeWork.
SoftBank’s founder, Masayoshi Son, said he was regretting “mistaken investment moves.” He said the situation at WeWork was under control, and he expects to turn it around.
