SoftBank to scale back new investments in the face of a $16b quarterly loss

SoftBank to scale back new investments in the face of a $16b quarterly loss

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during a news conference in Tokyo, Japan, on Monday, Aug. 6, 2018. Photographer: Kiyoshi Ota/Bloomberg

Wataru Suzuki

13 May, 2022

SoftBank Group Chairman and CEO Masayoshi Son on Thursday laid out a defensive strategy to help the company weather its biggest-ever quarterly loss, vowing to scale back new investments in the face of a sell-off in tech stocks.

Masayoshi SonSoftbank

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